Antofagasta (LON:ANTO) Given New GBX 3,165 Price Target at Canaccord Genuity Group

Antofagasta (LON:ANTO) had its price target upped by equities research analysts at Canaccord Genuity Group from GBX 2,125 to GBX 3,165 in a report released on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 14.38% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Citigroup restated a “buy” rating and set a GBX 2,300 price objective on shares of Antofagasta in a research report on Friday, August 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,900 price target on shares of Antofagasta in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,627.50.

Antofagasta Stock Up 0.6%

Shares of Antofagasta stock traded up GBX 17 on Tuesday, hitting GBX 2,767. The company had a trading volume of 454,858 shares, compared to its average volume of 2,607,283. The stock has a 50-day moving average of GBX 2,567 and a 200-day moving average of GBX 2,125.06. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. Antofagasta has a twelve month low of GBX 1,278 and a twelve month high of GBX 2,877. The firm has a market capitalization of £27.28 billion, a P/E ratio of 25.00, 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.