Antofagasta (LON:ANTO) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Antofagasta (LON:ANTO - Free Report) in a research note published on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 2,065 ($25.12) price target on the mining company's stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Antofagasta in a report on Friday, November 22nd. Citigroup dropped their price target on shares of Antofagasta from GBX 2,800 ($34.07) to GBX 2,500 ($30.42) and set a "buy" rating on the stock in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 2,013.13 ($24.49).

Antofagasta Stock Up 1.5 %

ANTO traded up GBX 26 ($0.32) on Thursday, hitting GBX 1,764 ($21.46). 2,570,468 shares of the company were exchanged, compared to its average volume of 6,226,727. The stock's fifty day moving average is GBX 1,676.97 and its 200-day moving average is GBX 1,830.15. Antofagasta has a 12 month low of GBX 1,558.50 ($18.96) and a 12 month high of GBX 2,425 ($29.50). The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The company has a market cap of £17.39 billion, a PE ratio of 2,989.83, a PEG ratio of -1.08 and a beta of 1.00.

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.