Antofagasta (LON:ANTO) had its price objective lowered by JPMorgan Chase & Co. from GBX 750 ($9.80) to GBX 730 ($9.54) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the mining company’s stock.
Several other brokerages also recently issued reports on ANTO. Liberum Capital reaffirmed a hold rating on shares of Antofagasta in a research report on Friday, August 9th. UBS Group reaffirmed a sell rating on shares of Antofagasta in a research report on Thursday, October 24th. Bank of America reaffirmed a buy rating on shares of Antofagasta in a research report on Tuesday, October 8th. Jefferies Financial Group reaffirmed a buy rating on shares of Antofagasta in a research report on Friday, October 11th. Finally, Goldman Sachs Group lowered their price objective on shares of Antofagasta from GBX 925 ($12.09) to GBX 910 ($11.89) and set a neutral rating for the company in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Antofagasta presently has an average rating of Hold and a consensus price target of GBX 881.92 ($11.52).
LON ANTO opened at GBX 932.80 ($12.19) on Wednesday. Antofagasta has a one year low of GBX 727.60 ($9.51) and a one year high of GBX 1,026 ($13.41). The company’s 50 day moving average price is GBX 878.30 and its 200 day moving average price is GBX 874.49. The company has a debt-to-equity ratio of 29.27, a quick ratio of 1.90 and a current ratio of 2.31. The firm has a market capitalization of $9.16 billion and a price-to-earnings ratio of 14.11.
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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