Antofagasta (LON:ANTO) PT Lowered to GBX 1,720

Antofagasta (LON:ANTO) had its target price dropped by JPMorgan Chase & Co. from GBX 1,730 ($22.62) to GBX 1,720 ($22.49) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has an “underweight” rating on the mining company’s stock.

ANTO has been the subject of a number of other reports. Bank of America reaffirmed a “buy” rating and set a GBX 2,520 ($32.95) target price on shares of Antofagasta in a report on Wednesday, June 26th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 2,065 ($27.00) target price on shares of Antofagasta in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Antofagasta from GBX 2,100 ($27.46) to GBX 2,000 ($26.15) and set a “hold” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Antofagasta has an average rating of “Hold” and a consensus target price of GBX 1,948.57 ($25.48).

Antofagasta Price Performance

The company has a debt-to-equity ratio of 47.84, a current ratio of 2.14 and a quick ratio of 2.78. The firm’s fifty day moving average is GBX 1,910.43 and its 200 day moving average is GBX 2,038.80. Antofagasta has a twelve month low of GBX 1,280 ($16.74) and a twelve month high of GBX 2,425 ($31.71). The stock has a market capitalization of £17.01 billion, a PE ratio of 2,916.95, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.