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 on Thursday,Digital Look reports.

A number of other equities research analysts have also recently commented on the company. Berenberg Bank increased their target price on Antofagasta from GBX 2,200 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a research report on Monday, August 4th. Citigroup reiterated a “buy” rating and issued a GBX 2,300 target price on shares of Antofagasta in a research note on Friday, August 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,900 price target on shares of Antofagasta in a report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Antofagasta currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,454.17.

Antofagasta Stock Up 3.2%

Shares of Antofagasta stock opened at GBX 2,739 on Thursday. Antofagasta has a 1 year low of GBX 1,278 and a 1 year high of GBX 2,877. The firm has a market cap of £27.00 billion, a price-to-earnings ratio of 24.74, a PEG ratio of -1.08 and a beta of 1.00. The company has a 50-day moving average of GBX 2,531.60 and a 200 day moving average of GBX 2,097.97. 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.