Antofagasta (LON:ANTO) Earns Overweight Rating from JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,400 ($31.02) target price on the mining company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 30.12% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,125 ($27.47) price target on shares of Antofagasta in a report on Monday, March 3rd. Citigroup cut their price target on shares of Antofagasta from GBX 2,800 ($36.19) to GBX 2,500 ($32.31) and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,185 ($28.24).

Antofagasta Price Performance

Shares of Antofagasta stock opened at GBX 1,844.50 ($23.84) on Thursday. The company has a 50-day simple moving average of GBX 1,735.43 and a two-hundred day simple moving average of GBX 1,767.08. The stock has a market capitalization of £22.73 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. 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 twelve month low of GBX 1,567.50 ($20.26) and a twelve month high of GBX 2,425 ($31.34).

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.