JPMorgan Chase & Co. Issues Positive Forecast for Antofagasta (LON:ANTO) Stock Price

Antofagasta (LON:ANTO) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 1,600 ($20.18) to GBX 2,400 ($30.28) in a report issued on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 29.21% from the stock’s previous close.

Several other equities research analysts also recently commented on ANTO. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,065 ($26.05) price objective on shares of Antofagasta in a report on Thursday, January 16th. Citigroup lowered their price target on shares of Antofagasta from GBX 2,800 ($35.32) to GBX 2,500 ($31.54) and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,098.13 ($26.47).

Antofagasta Stock Performance

LON ANTO traded up GBX 22.50 ($0.28) during trading on Wednesday, hitting GBX 1,857.50 ($23.43). 6,560,589 shares of the company’s stock traded hands, compared to its average volume of 2,955,828. The stock has a market capitalization of £22.89 billion, a price-to-earnings ratio of 29.94, a PEG ratio of -1.08 and a beta of 1.00. Antofagasta has a 12-month low of GBX 1,567.50 ($19.77) and a 12-month high of GBX 2,425 ($30.59). The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The business has a 50 day moving average of GBX 1,702.39 and a 200-day moving average of GBX 1,777.14.

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.