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

Antofagasta (LON:ANTO) was downgraded by research analysts at Canaccord Genuity Group to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a GBX 4,100 price objective on the mining company’s stock, up from their previous price objective of GBX 3,165. Canaccord Genuity Group’s price objective points to a potential upside of 6.72% from the company’s current price.

Several other analysts also recently weighed in on ANTO. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 target price on shares of Antofagasta in a report on Wednesday, January 21st. Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and reduced their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Down 0.7%

Shares of ANTO traded down GBX 26 during midday trading on Wednesday, hitting GBX 3,842. The company had a trading volume of 34,370,938 shares, compared to its average volume of 16,058,508. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 4,176. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The stock has a market cap of £37.88 billion, a price-to-earnings ratio of 34.71, a PEG ratio of -1.08 and a beta of 1.00. The company’s 50 day moving average price is GBX 3,307 and its 200 day moving average price is GBX 2,724.72.

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.