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

Antofagasta (LON:ANTO) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 3,200 to GBX 3,400 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 14.53% from the stock’s current price.

A number of other equities analysts have also commented on ANTO. Royal Bank Of Canada restated an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a research note on Friday, April 10th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,700 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 3,700 price target on shares of Antofagasta in a research note on Thursday, April 16th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and lifted their price target for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Finally, Citigroup lifted their price target on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of GBX 3,518.75.

Antofagasta Price Performance

Antofagasta stock opened at GBX 3,978 on Tuesday. The stock’s fifty day moving average price is GBX 3,662.35 and its two-hundred day moving average price is GBX 3,472. Antofagasta has a one year low of GBX 1,675.50 and a one year high of GBX 4,475. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The firm has a market cap of £39.22 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of -1.08 and a beta of 1.35.

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.