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

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a GBX 2,500 ($33.88) target price on the mining company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 17.81% from the stock’s previous close.

ANTO has been the subject of a number of other reports. Berenberg Bank reiterated a “buy” rating and set a GBX 2,100 ($28.46) price target on shares of Antofagasta in a research report on Thursday, July 31st. Citigroup raised their price objective on shares of Antofagasta from GBX 2,000 ($27.11) to GBX 2,200 ($29.82) and gave the company a “buy” rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Antofagasta from GBX 1,950 ($26.43) to GBX 2,000 ($27.11) and gave the company a “hold” rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,700 ($23.04) price objective on shares of Antofagasta in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Antofagasta has a consensus rating of “Moderate Buy” and an average target price of GBX 2,137.50 ($28.97).

Antofagasta Stock Performance

ANTO opened at GBX 2,122 ($28.76) on Friday. Antofagasta has a 1 year low of GBX 1,278 ($17.32) and a 1 year high of GBX 2,171 ($29.43). The stock has a market cap of £26.14 billion, a P/E ratio of 34.21, a P/E/G ratio of -1.08 and a beta of 1.00. The firm has a fifty day moving average price of GBX 1,897.86 and a 200 day moving average price of GBX 1,790.23. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.