Canaccord Genuity Group Reaffirms "Buy" Rating for Antofagasta (LON:ANTO)

Canaccord Genuity Group reiterated their buy rating on shares of Antofagasta (LON:ANTO - Free Report) in a research report released on Monday morning,Digital Look reports. They currently have a GBX 2,125 ($27.38) target price on the mining company's stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 1,600 ($20.62) to GBX 2,400 ($30.93) and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Citigroup cut their price objective on Antofagasta from GBX 2,800 ($36.08) to GBX 2,500 ($32.22) and set a "buy" rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 2,185 ($28.16).

Antofagasta Trading Down 1.0 %

LON:ANTO traded down GBX 19 ($0.24) during midday trading on Monday, reaching GBX 1,844.50 ($23.77). 165,244,656 shares of the stock traded hands, compared to its average volume of 5,855,925. The stock has a market capitalization of £22.73 billion, a P/E ratio of 29.73, 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 company has a fifty day moving average of GBX 1,735.43 and a 200 day moving average of GBX 1,767.08. Antofagasta has a 12 month low of GBX 1,567.50 ($20.20) and a 12 month high of GBX 2,425 ($31.25).

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Antofagasta Company Profile

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.