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

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a report released on Friday,Digital Look reports. They presently have a GBX 2,400 ($31.07) target price on the mining company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.02% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Citigroup lowered their price target on Antofagasta from GBX 2,800 ($36.25) to GBX 2,500 ($32.37) and set a “buy” rating for the company in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,125 ($27.51) price target on shares of Antofagasta in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 2,185 ($28.29).

Antofagasta Price Performance

ANTO opened at GBX 1,764.50 ($22.84) on Friday. The stock has a fifty day moving average price of GBX 1,794.76 and a 200 day moving average price of GBX 1,766.10. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. Antofagasta has a 1 year low of GBX 1,567.50 ($20.29) and a 1 year high of GBX 2,425 ($31.40). The stock has a market cap of £21.74 billion, a price-to-earnings ratio of 28.44, a PEG ratio of -1.08 and a beta of 1.00.

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.