JPMorgan Chase & Co. Reaffirms Underweight Rating for Antofagasta (LON:ANTO)

Antofagasta (LON:ANTO)‘s stock had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report released on Friday, MarketBeat.com reports.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Antofagasta from GBX 2,100 ($26.33) to GBX 2,000 ($25.07) and set a “hold” rating for the company in a research note on Monday, September 9th. Two equities 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,948.57 ($24.43).

Antofagasta Trading Down 1.5 %

Shares of Antofagasta stock opened at GBX 1,664.50 ($20.87) on Friday. The stock has a fifty day simple moving average of GBX 1,809.05 and a 200 day simple moving average of GBX 1,965.79. Antofagasta has a 12-month low of GBX 1,385.50 ($17.37) and a 12-month high of GBX 2,425 ($30.40). The company has a market capitalization of £16.41 billion, a P/E ratio of 2,821.19, a price-to-earnings-growth 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 47.84.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.