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

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Thursday, Marketbeat reports.

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

Antofagasta Trading Up 0.3%

Shares of ANTO opened at GBX 2,754 on Thursday. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 2,877. The company has a market capitalization of £27.15 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The stock has a fifty day moving average of GBX 2,543.36 and a two-hundred day moving average of GBX 2,102.47. 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.