Canaccord Genuity Group Increases Antofagasta (LON:ANTO) Price Target to GBX 3,165

Antofagasta (LON:ANTO) had its price objective upped by equities researchers at Canaccord Genuity Group from GBX 2,125 to GBX 3,165 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 12.75% from the stock’s previous close.

ANTO has been the subject of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 2,900 price target on shares of Antofagasta in a research note on Friday, November 7th. Citigroup reissued a “buy” rating and set a GBX 2,300 target price on shares of Antofagasta in a research note on Friday, August 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research report on Thursday, November 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,900 price objective on shares of Antofagasta in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a “hold” rating in a research report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,627.50.

Antofagasta Stock Up 1.4%

Shares of ANTO opened at GBX 2,807 on Tuesday. The company’s 50-day simple moving average is GBX 2,591.92 and its 200-day simple moving average is GBX 2,137.34. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a 1 year low of GBX 1,278 and a 1 year high of GBX 2,877. The stock has a market capitalization of £27.67 billion, a PE ratio of 25.36, a P/E/G ratio of -1.08 and a beta of 1.00.

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.