Antofagasta (LON:ANTO) Price Target Increased to GBX 1,850 by Analysts at JPMorgan Chase & Co.

Antofagasta (LON:ANTO) had its price target hoisted by JPMorgan Chase & Co. from GBX 1,700 ($21.50) to GBX 1,850 ($23.40) in a report released on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.

Several other equities analysts have also recently weighed in on ANTO. Bank of America reiterated a buy rating and issued a GBX 2,520 ($31.87) price target on shares of Antofagasta in a research report on Wednesday, June 26th. Canaccord Genuity Group lowered Antofagasta to a hold rating and lifted their target price for the company from GBX 1,925 ($24.35) to GBX 2,065 ($26.12) in a report on Friday, April 26th. Barclays lowered their price target on shares of Antofagasta from GBX 1,725 ($21.82) to GBX 1,685 ($21.31) and set an underweight rating on the stock in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a GBX 1,500 ($18.97) price objective on shares of Antofagasta in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 1,833.75 ($23.19).

Antofagasta Trading Down 0.6 %

Shares of ANTO stock opened at GBX 2,140 ($27.07) on Wednesday. The stock has a market capitalization of £21.10 billion, a price-to-earnings ratio of 3,213.43, a PEG ratio of -1.08 and a beta of 1.12. The company’s fifty day simple moving average is GBX 2,186.38 and its two-hundred day simple moving average is GBX 1,956.82. Antofagasta has a 1 year low of GBX 1,280 ($16.19) and a 1 year high of GBX 2,425 ($30.67). The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78.

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.