JPMorgan Chase & Co. Reiterates “Overweight” Rating for Antofagasta (LON:ANTO)

JPMorgan Chase & Co. reissued their overweight rating on shares of Antofagasta (LON:ANTO) in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 2,400 ($30.93) price target on the mining company’s stock.

Several other equities research analysts also recently commented on the stock. Citigroup reduced their target price on shares of Antofagasta from GBX 2,800 ($36.08) to GBX 2,500 ($32.22) and set a “buy” rating on the stock in a research note on Thursday, December 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,125 ($27.38) price target on shares of Antofagasta in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,185 ($28.16).

Antofagasta Stock Down 0.3 %

Shares of LON:ANTO opened at GBX 1,858.50 ($23.95) on Thursday. Antofagasta has a 52 week low of GBX 1,567.50 ($20.20) and a 52 week high of GBX 2,425 ($31.25). The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The company’s fifty day moving average is GBX 1,730.52 and its 200-day moving average is GBX 1,766.75. The company has a market capitalization of £22.90 billion, a PE ratio of 29.96, a P/E/G ratio of -1.08 and a beta of 1.00.

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.