Antofagasta (LON:ANTO) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,925 ($23.96) target price on the mining company’s stock.

Other research analysts also recently issued reports about the company. Bank of America reaffirmed a buy rating on shares of Antofagasta in a report on Thursday, April 11th. JPMorgan Chase & Co. reissued an underweight rating on shares of Antofagasta in a research report on Tuesday, April 9th. Citigroup restated a buy rating and set a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a report on Wednesday, January 31st. Finally, Jefferies Financial Group reaffirmed a hold rating and set a GBX 1,550 ($19.30) target price on shares of Antofagasta in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of GBX 1,648.33 ($20.52).

Antofagasta Price Performance

Shares of ANTO opened at GBX 2,250 ($28.01) on Wednesday. The business has a 50-day simple moving average of GBX 1,951.35 and a two-hundred day simple moving average of GBX 1,663.27. The stock has a market cap of £22.18 billion, a PE ratio of 3,358.21, a PEG ratio of -1.08 and a beta of 1.12. Antofagasta has a 12-month low of GBX 1,280 ($15.93) and a 12-month high of GBX 2,336 ($29.08). 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 Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be given a $0.24 dividend. This is an increase from Antofagasta’s previous dividend of $0.12. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 18th. Antofagasta’s dividend payout ratio (DPR) is currently 4,328.36%.

Antofagasta Company Profile

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.