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

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 2,400 ($30.94) price target on the mining company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 28.79% from the stock’s current price.

ANTO has been the topic of several other reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,125 ($27.39) price target on shares of Antofagasta in a research note on Monday. Citigroup lowered their target price on shares of Antofagasta from GBX 2,800 ($36.09) to GBX 2,500 ($32.22) and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 2,185 ($28.16).

Antofagasta Stock Performance

ANTO traded up GBX 43 ($0.55) during trading on Thursday, hitting GBX 1,863.50 ($24.02). The stock had a trading volume of 1,457,107 shares, compared to its average volume of 2,399,314. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The company has a 50 day moving average price of GBX 1,730.52 and a 200-day moving average price of GBX 1,766.75. Antofagasta has a one year low of GBX 1,567.50 ($20.20) and a one year high of GBX 2,425 ($31.26). The firm has a market cap of £22.96 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of -1.08 and a beta of 1.00.

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.