Antofagasta's (ANTO) "Overweight" Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Antofagasta (LON:ANTO - Free Report) in a report published on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 2,400 ($30.90) price target on the mining company's stock.

ANTO has been the topic of a number of other research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,125 ($27.36) price target on shares of Antofagasta in a research note on Monday, March 3rd. Citigroup reduced their target price on Antofagasta from GBX 2,800 ($36.05) to GBX 2,500 ($32.19) and set a "buy" rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 2,185 ($28.13).

Antofagasta Trading Down 4.1 %

Shares of LON ANTO traded down GBX 76 ($0.98) during midday trading on Thursday, reaching GBX 1,768.50 ($22.77). 841,718 shares of the stock were exchanged, compared to its average volume of 5,751,462. Antofagasta has a 52-week low of GBX 1,567.50 ($20.18) and a 52-week high of GBX 2,425 ($31.22). The stock has a 50 day moving average price of GBX 1,739.94 and a 200-day moving average price of GBX 1,766.73. The company has a market capitalization of £21.79 billion, a P/E ratio of 28.51, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33.

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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.