Antofagasta (LON:ANTO) Rating Lowered to “Hold” at Canaccord Genuity Group

Antofagasta (LON:ANTO) was downgraded by Canaccord Genuity Group to a “hold” rating in a research report issued on Wednesday, MarketBeat reports. They currently have a GBX 4,100 price target on the mining company’s stock, up from their previous price target of GBX 3,165. Canaccord Genuity Group’s price target suggests a potential upside of 6.72% from the company’s previous close.

Several other brokerages also recently issued reports on ANTO. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a report on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,700 target price on shares of Antofagasta in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Morgan Stanley cut shares of Antofagasta to an “underweight” rating and dropped their price objective for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Performance

Shares of LON ANTO opened at GBX 3,842 on Wednesday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The firm’s 50-day moving average price is GBX 3,330.04 and its two-hundred day moving average price is GBX 2,732.48. Antofagasta has a 52-week low of GBX 1,278 and a 52-week high of GBX 4,176. The stock has a market capitalization of £37.88 billion, a P/E ratio of 34.71, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Company Profile

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.