JPMorgan Chase & Co. Issues Positive Forecast for Antofagasta (LON:ANTO) Stock Price

Antofagasta (LON:ANTO - Free Report) had its target price increased by JPMorgan Chase & Co. from GBX 1,600 ($20.21) to GBX 2,400 ($30.32) in a report published on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the mining company's stock.

ANTO has been the topic of several other reports. Canaccord Genuity Group reissued a "buy" rating and set a GBX 2,065 ($26.09) price objective on shares of Antofagasta in a research report on Thursday, January 16th. Citigroup lowered their price objective on shares of Antofagasta from GBX 2,800 ($35.38) to GBX 2,500 ($31.59) and set a "buy" rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Antofagasta presently has a consensus rating of "Hold" and an average price target of GBX 2,176.43 ($27.50).

Antofagasta Stock Down 1.2 %

LON:ANTO traded down GBX 21.29 ($0.27) during midday trading on Wednesday, hitting GBX 1,825.71 ($23.07). 686,116 shares of the company were exchanged, compared to its average volume of 2,701,940. Antofagasta has a fifty-two week low of GBX 1,567.50 ($19.80) and a fifty-two week high of GBX 2,425 ($30.64). The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The company has a market capitalization of £22.49 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a fifty day simple moving average of GBX 1,708.49 and a 200 day simple moving average of GBX 1,773.89.

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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.