Antofagasta (LON:ANTO) Given New GBX 2,400 Price Target at JPMorgan Chase & Co.

Antofagasta (LON:ANTO) had its target price increased by JPMorgan Chase & Co. from GBX 1,600 ($20.13) to GBX 2,400 ($30.20) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the mining company’s stock.

Several other analysts also recently weighed in on ANTO. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,065 ($25.98) price target on shares of Antofagasta in a research note on Thursday, January 16th. Citigroup lowered their target price on Antofagasta from GBX 2,800 ($35.23) to GBX 2,500 ($31.46) and set a “buy” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Antofagasta has an average rating of “Hold” and an average target price of GBX 2,098.13 ($26.40).

Antofagasta Trading Up 0.8 %

ANTO stock opened at GBX 1,850.50 ($23.29) on Wednesday. Antofagasta has a 12 month low of GBX 1,567.50 ($19.72) and a 12 month high of GBX 2,425 ($30.51). The firm’s 50-day moving average is GBX 1,704.35 and its 200 day moving average is GBX 1,776.70. The company has a market capitalization of £22.80 billion, a PE ratio of 29.83, a P/E/G ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

About Antofagasta

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.