Antofagasta (LON:ANTO) Upgraded to “Overweight” at JPMorgan Chase & Co.

Antofagasta (LON:ANTO – Get Free Report) was upgraded by JPMorgan Chase & Co. to an “overweight” rating in a report issued on Monday,London Stock Exchange reports. The brokerage currently has a GBX 4,500 price target on the mining company’s stock, up from their previous price target of GBX 3,400. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.83% from the company’s current price.

ANTO has been the topic of several other research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th. Citigroup increased their price target on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of GBX 3,756.25.

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Antofagasta Stock Up 0.8%

Shares of LON ANTO opened at GBX 3,885 on Monday. Antofagasta has a 52-week low of GBX 1,811 and a 52-week high of GBX 4,475. The company’s 50-day simple moving average is GBX 3,921 and its 200-day simple moving average is GBX 3,717.99. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The firm has a market cap of £38.30 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41.

About Antofagasta

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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.

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