Antofagasta (LON:ANTO) Stock Rating Reaffirmed by Canaccord Genuity Group

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1,925 ($23.96) price objective on the mining company’s stock. Canaccord Genuity Group’s target price would suggest a potential downside of 15.16% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a research report on Tuesday, April 9th. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Citigroup reaffirmed a “buy” rating and issued a GBX 2,100 ($26.14) target price on shares of Antofagasta in a report on Wednesday, January 31st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,550 ($19.30) target price on shares of Antofagasta in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Antofagasta has an average rating of “Hold” and an average price target of GBX 1,619.38 ($20.16).

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 2,269 ($28.25) on Wednesday. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86. The company has a market cap of £22.37 billion, a P/E ratio of 3,386.57, a PEG ratio of -1.08 and a beta of 1.12. Antofagasta has a 52 week low of GBX 1,280 ($15.93) and a 52 week high of GBX 2,336 ($29.08). The company has a 50-day moving average price of GBX 1,915.48 and a 200 day moving average price of GBX 1,648.89.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.