Antofagasta’s (ANTO) Overweight Rating Reiterated at JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued on Friday, MarketBeat reports. They presently have a GBX 2,400 ($31.06) price target on the mining company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 38.77% from the company’s current price.

Other analysts also recently issued research reports about the stock. Citigroup decreased their price target on shares of Antofagasta from GBX 2,800 ($36.24) to GBX 2,500 ($32.36) and set a “buy” rating for the company in a research report on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,125 ($27.50) price objective on shares of Antofagasta in a report on Monday, March 3rd. One 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 stock. According to data from MarketBeat, Antofagasta currently has an average rating of “Hold” and a consensus target price of GBX 2,185 ($28.28).

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 1,729.50 ($22.39) on Friday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. Antofagasta has a fifty-two week low of GBX 1,567.50 ($20.29) and a fifty-two week high of GBX 2,425 ($31.39). The business has a 50 day moving average price of GBX 1,794.07 and a two-hundred day moving average price of GBX 1,764.78. The firm has a market cap of £21.31 billion, a PE ratio of 27.88, a price-to-earnings-growth 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.