Antofagasta (LON:ANTO) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of Antofagasta (LON:ANTO) to an overweight rating in a report issued on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has GBX 4,500 target price on the mining company’s stock, up from their prior target price of GBX 3,400.

A number of other equities research analysts have also weighed in on ANTO. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,700 price objective on shares of Antofagasta in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Citigroup upped their price objective on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 2,800 target price on shares of Antofagasta in a research report on Friday, April 10th. 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 company presently has an average rating of “Reduce” and a consensus price target of GBX 3,756.25.

Antofagasta Trading Down 2.5%

Shares of ANTO stock opened at GBX 3,807 on Monday. The business has a 50-day moving average of GBX 3,922.48 and a 200 day moving average of GBX 3,724.01. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. Antofagasta has a 1-year low of GBX 1,811 and a 1-year high of GBX 4,475. The stock has a market capitalization of £37.53 billion, a PE ratio of 28.24, a P/E/G ratio of -1.08 and a beta of 1.41.

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.