Antofagasta (LON:ANTO) Stock Rating Reaffirmed by JPMorgan Chase & Co.

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

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

Antofagasta Stock Performance

Shares of ANTO stock opened at GBX 2,250 ($28.01) on Thursday. The stock has a market capitalization of £22.18 billion, a PE ratio of 3,358.21, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86. The stock’s 50-day moving average price is GBX 1,951.35 and its 200 day moving average price is GBX 1,663.27. Antofagasta has a 52-week low of GBX 1,280 ($15.93) and a 52-week high of GBX 2,336 ($29.08).

Antofagasta Company Profile

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.