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

Canaccord Genuity Group reissued their buy rating on shares of Antofagasta (LON:ANTO) in a report issued on Wednesday, MarketBeat reports. They currently have a GBX 1,925 ($23.96) price target on the mining company’s stock.

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

Antofagasta Trading Up 0.1 %

Shares of LON:ANTO opened at GBX 2,272 ($28.28) on Wednesday. Antofagasta has a 12-month low of GBX 1,280 ($15.93) and a 12-month high of GBX 2,336 ($29.08). The company has a market capitalization of £22.40 billion, a PE ratio of 3,391.04, a PEG ratio of -1.08 and a beta of 1.12. The business has a 50 day moving average of GBX 1,926.91 and a two-hundred day moving average of GBX 1,653.23. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86.

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be given a dividend of $0.24 per share. This represents a dividend yield of 1.09%. This is a boost from Antofagasta’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. Antofagasta’s payout ratio is presently 4,328.36%.

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.