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

Antofagasta (LON:ANTO) was downgraded by investment analysts at Canaccord Genuity Group to a “hold” rating in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a GBX 2,065 ($25.51) price target on the mining company’s stock, up from their previous price target of GBX 1,925 ($23.78). Canaccord Genuity Group’s target price points to a potential downside of 8.43% from the company’s previous close.

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

Antofagasta Price Performance

Shares of LON:ANTO opened at GBX 2,255 ($27.85) on Friday. The firm has a market capitalization of £22.23 billion, a PE ratio of 3,365.67, a P/E/G ratio of -1.08 and a beta of 1.12. 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 50-day moving average price of GBX 2,001.60 and a two-hundred day moving average price of GBX 1,692.12. Antofagasta has a twelve month low of GBX 1,280 ($15.81) and a twelve month high of GBX 2,336 ($28.85).

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.