Antofagasta (LON:ANTO) Given “Buy” Rating at Canaccord Genuity Group

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

ANTO has been the subject of a number of other reports. Citigroup reiterated a buy rating and set a GBX 2,100 ($26.14) target price on shares of Antofagasta in a research report on Wednesday, January 31st. JPMorgan Chase & Co. restated an underweight rating on shares of Antofagasta in a research report on Tuesday, April 9th. Jefferies Financial Group restated a hold rating and issued a GBX 1,550 ($19.30) price target on shares of Antofagasta in a research report on Tuesday, February 20th. Finally, Bank of America restated a buy rating on shares of Antofagasta in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of GBX 1,619.38 ($20.16).

Antofagasta Stock Up 0.1 %

LON ANTO opened at GBX 2,272 ($28.28) on Wednesday. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The company has a market capitalization of £22.40 billion, a P/E ratio of 3,391.04, a P/E/G ratio of -1.08 and a beta of 1.12. Antofagasta has a one year low of GBX 1,280 ($15.93) and a one year high of GBX 2,336 ($29.08). The stock has a 50 day moving average price of GBX 1,926.91 and a 200-day moving average price of GBX 1,653.23.

Antofagasta Increases Dividend

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

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.