Antofagasta’s (ANTO) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Antofagasta (LON:ANTO) in a report released on Monday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 2,125 ($27.39) target price on the mining company’s stock.

ANTO has been the topic of a number of other reports. Citigroup reduced their price objective on shares of Antofagasta from GBX 2,800 ($36.09) to GBX 2,500 ($32.22) and set a “buy” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Antofagasta from GBX 1,600 ($20.62) to GBX 2,400 ($30.94) and gave the company an “overweight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Antofagasta currently has a consensus rating of “Hold” and an average target price of GBX 2,185 ($28.16).

Antofagasta Price Performance

Shares of ANTO stock opened at GBX 1,820.50 ($23.47) on Monday. Antofagasta has a 52-week low of GBX 1,567.50 ($20.20) and a 52-week high of GBX 2,425 ($31.26). The stock has a market cap of £22.43 billion, a PE ratio of 29.35, a PEG ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The firm’s 50 day moving average price is GBX 1,726.47 and its two-hundred day moving average price is GBX 1,766.75.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.