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

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat reports. They presently have a GBX 2,400 ($31.01) target price on the mining company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 41.40% from the company's current price.

ANTO has been the subject of a number of other reports. Citigroup cut their target price on Antofagasta from GBX 2,800 ($36.18) to GBX 2,500 ($32.30) and set a "buy" rating for the company in a research note on Thursday, December 12th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 2,125 ($27.45) target price on shares of Antofagasta in a report on Monday, March 3rd. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 2,185 ($28.23).

Antofagasta Stock Performance

Shares of Antofagasta stock traded up GBX 28.81 ($0.37) during trading hours on Friday, hitting GBX 1,697.31 ($21.93). 747,905 shares of the company were exchanged, compared to its average volume of 4,631,240. 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 business has a 50-day moving average of GBX 1,791.86 and a 200-day moving average of GBX 1,764.11. Antofagasta has a 1 year low of GBX 1,567.50 ($20.25) and a 1 year high of GBX 2,425 ($31.33). The stock has a market capitalization of £20.91 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of -1.08 and a beta of 1.00.

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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.