Antofagasta (LON:ANTO) Given Overweight Rating at JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 2,400 ($31.07) price objective on the mining company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 36.02% from the stock’s current price.

Several other research analysts also recently issued reports on ANTO. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,125 ($27.51) price objective on shares of Antofagasta in a report on Monday, March 3rd. Citigroup lowered their price target on Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a “buy” rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 2,185 ($28.29).

Antofagasta Trading Down 0.7 %

Shares of ANTO stock opened at GBX 1,764.50 ($22.84) on Friday. The firm has a market capitalization of £21.74 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a 1 year low of GBX 1,567.50 ($20.29) and a 1 year high of GBX 2,425 ($31.40). The firm’s fifty day simple moving average is GBX 1,794.76 and its 200 day simple moving average is GBX 1,766.10. The company has a current ratio of 2.14, a quick ratio of 2.78 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.