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 Friday, Marketbeat.com reports. They presently have a GBX 2,065 ($25.51) target price on the mining company’s stock, up from their prior target price of GBX 1,925 ($23.78). Canaccord Genuity Group’s price target would suggest a potential downside of 8.43% from the stock’s current price.

ANTO has been the topic of a number of other reports. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,500 ($18.53) price objective on shares of Antofagasta in a research note on Thursday, April 18th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,550 ($19.15) price objective on shares of Antofagasta in a report on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating and set a GBX 2,100 ($25.94) target price on shares of Antofagasta in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 1,700 ($21.00) price target on shares of Antofagasta in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 1,663.89 ($20.55).

Antofagasta Trading Up 1.3 %

ANTO stock opened at GBX 2,255 ($27.85) on Friday. Antofagasta has a one year low of GBX 1,280 ($15.81) and a one year high of GBX 2,336 ($28.85). The stock has a market cap of £22.23 billion, a price-to-earnings ratio of 3,365.67, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a fifty day moving average price of GBX 2,001.60 and a two-hundred day moving average price of GBX 1,692.12. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78.

Antofagasta Company Profile

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.