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

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat Ratings reports.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and cut their price objective for the stock from GBX 3,070 to GBX 3,050 in a report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price target on shares of Antofagasta in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 2,992.86.

Antofagasta Stock Performance

Antofagasta stock opened at GBX 3,535 on Thursday. The firm has a market capitalization of £34.85 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. Antofagasta has a one year low of GBX 1,278 and a one year high of GBX 4,176. The stock’s 50 day moving average price is GBX 3,345.63 and its 200 day moving average price is GBX 2,743.44. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

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.