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

Antofagasta (LON:ANTO)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 2,065 ($25.28) target price on the mining company’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 18.85% from the company’s current price.

A number of other research firms also recently issued reports on ANTO. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd. Citigroup reduced their price target on shares of Antofagasta from GBX 2,800 ($34.27) to GBX 2,500 ($30.60) and set a “buy” rating on the stock in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,013.13 ($24.64).

Antofagasta Trading Up 2.4 %

LON:ANTO traded up GBX 40.50 ($0.50) on Thursday, hitting GBX 1,737.50 ($21.27). The stock had a trading volume of 113,349,867 shares, compared to its average volume of 16,808,865. The company has a fifty day moving average price of GBX 1,677.10 and a two-hundred day moving average price of GBX 1,835.06. The stock has a market cap of £17.13 billion, a price-to-earnings ratio of 2,944.92, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 1-year low of GBX 1,538 ($18.82) and a 1-year high of GBX 2,425 ($29.68). The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 47.84.

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.