Antofagasta (LON:ANTO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Antofagasta (LON:ANTO) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 3,400 to GBX 3,500 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.41% from the company’s current price.

Several other research analysts also recently commented on ANTO. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group increased their price objective on Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a report on Tuesday, November 11th. Finally, Citigroup reiterated a “buy” rating and set a GBX 2,300 price target on shares of Antofagasta in a report on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Antofagasta currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,694.17.

Antofagasta Stock Performance

Antofagasta stock opened at GBX 2,981 on Wednesday. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The company has a market capitalization of £29.39 billion, a PE ratio of 26.93, a P/E/G ratio of -1.08 and a beta of 1.00. The firm has a fifty day simple moving average of GBX 2,733.21 and a two-hundred day simple moving average of GBX 2,244.43. Antofagasta has a twelve month low of GBX 1,278 and a twelve month high of GBX 2,983.

About Antofagasta

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.