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

Canaccord Genuity Group lowered shares of Antofagasta (LON:ANTO) to a hold rating in a research report released on Wednesday, MarketBeat.com reports. They currently have GBX 4,100 price target on the mining company’s stock, up from their previous price target of GBX 3,165.

A number of other equities analysts have also recently issued reports on ANTO. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research report on Thursday. Morgan Stanley downgraded Antofagasta to an “underweight” rating and dropped their price target for the stock from GBX 3,070 to GBX 3,050 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research note on Wednesday, January 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,900 target price 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Stock Down 2.5%

Antofagasta stock opened at GBX 3,535 on Wednesday. The company has a market capitalization of £34.85 billion, a PE ratio of 31.93, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 12-month low of GBX 1,278 and a 12-month high of GBX 4,176. The firm’s fifty day moving average is GBX 3,345.63 and its 200 day moving average is GBX 2,743.44. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

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.