Antofagasta (LON:ANTO) Stock Rating Lowered by Canaccord Genuity Group

Canaccord Genuity Group cut shares of Antofagasta (LON:ANTO - Free Report) to a hold rating in a report issued on Friday, Marketbeat.com reports. They currently have 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).

Several other research firms have also recently weighed in on ANTO. Citigroup reissued a buy rating and issued a GBX 2,100 ($25.94) price objective on shares of Antofagasta in a research report on Wednesday, January 31st. Bank of America reissued a buy rating on shares of Antofagasta in a research report on Thursday, April 11th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 1,700 ($21.00) price objective on shares of Antofagasta in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 1,500 ($18.53) price objective on shares of Antofagasta in a research report on Thursday, April 18th. Finally, Jefferies Financial Group reissued a hold rating and issued a GBX 1,550 ($19.15) price objective on shares of Antofagasta in a research report on Tuesday, February 20th. One investment 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. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of GBX 1,663.89 ($20.55).

Antofagasta Stock Performance

Antofagasta stock traded up GBX 28 ($0.35) during trading hours on Friday, reaching GBX 2,255 ($27.85). 1,984,058 shares of the company were exchanged, compared to its average volume of 1,217,311. The firm has a market cap of £22.23 billion, a price-to-earnings ratio of 3,372.87, a PEG ratio of -1.08 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. The stock has a 50-day moving average of GBX 1,992.20 and a 200 day moving average of GBX 1,686.07. Antofagasta has a 12 month low of GBX 1,280 ($15.81) and a 12 month high of GBX 2,336 ($28.85).

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be issued a $0.24 dividend. This is a boost from Antofagasta's previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.09%. 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.