Antofagasta (LON:ANTO) Given Underweight Rating at JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “underweight” rating reissued by JPMorgan Chase & Co. in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 1,700 ($21.16) target price on the mining company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 24.44% from the company’s current price.

A number of other brokerages also recently commented on ANTO. Bank of America reaffirmed a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. Citigroup reissued a “buy” rating and issued a GBX 2,100 ($26.14) price objective on shares of Antofagasta in a research note on Wednesday, January 31st. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,550 ($19.30) target price on shares of Antofagasta in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,500 ($18.67) price target on shares of Antofagasta in a report on Thursday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,925 ($23.96) target price on shares of Antofagasta in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Antofagasta has an average rating of “Hold” and a consensus price target of GBX 1,648.33 ($20.52).

Antofagasta Stock Performance

Shares of ANTO opened at GBX 2,250 ($28.01) on Thursday. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. The stock has a market capitalization of £22.18 billion, a P/E ratio of 3,358.21, a P/E/G ratio of -1.08 and a beta of 1.12. Antofagasta has a 12-month low of GBX 1,280 ($15.93) and a 12-month high of GBX 2,336 ($29.08). The firm’s 50 day moving average is GBX 1,951.35 and its 200-day moving average is GBX 1,663.27.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.