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

Antofagasta (LON:ANTO) was downgraded by analysts at Canaccord Genuity Group to a “hold” rating in a research note issued on Friday, Digital Look reports. They presently have a GBX 2,065 ($25.51) price objective on the mining company’s stock, up from their previous price objective of GBX 1,925 ($23.78). Canaccord Genuity Group’s price target would suggest a potential downside of 8.10% from the company’s current price.

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

Antofagasta Stock Up 0.9 %

Shares of ANTO opened at GBX 2,247 ($27.75) on Friday. The stock has a market cap of £22.15 billion, a price-to-earnings ratio of 3,353.83, 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. Antofagasta has a 12 month low of GBX 1,280 ($15.81) and a 12 month high of GBX 2,336 ($28.85). The company has a 50-day moving average price of GBX 1,981.45 and a two-hundred day moving average price of GBX 1,682.29.

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.