Antofagasta (LON:ANTO) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Antofagasta (LON:ANTO) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 1,700 ($21.16) price target on the mining company’s stock.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group restated a buy rating and issued a GBX 1,925 ($23.96) price objective on shares of Antofagasta in a research note on Wednesday. Bank of America reaffirmed a buy rating on shares of Antofagasta in a report on Thursday, April 11th. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 1,550 ($19.30) target price on shares of Antofagasta in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 1,500 ($18.67) target price on shares of Antofagasta in a report on Thursday. Finally, Citigroup reaffirmed a buy rating and issued a GBX 2,100 ($26.14) target price on shares of Antofagasta in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of GBX 1,648.33 ($20.52).

Antofagasta Trading Down 1.1 %

Shares of ANTO stock opened at GBX 2,238 ($27.86) on Thursday. Antofagasta has a 52-week low of GBX 1,280 ($15.93) and a 52-week high of GBX 2,336 ($29.08). The stock has a market cap of £22.06 billion, a price-to-earnings ratio of 3,352.24, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The firm has a fifty day moving average of GBX 1,939.19 and a 200-day moving average of GBX 1,657.47.

Antofagasta Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a $0.24 dividend. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. This is a positive change from Antofagasta’s previous dividend of $0.12. Antofagasta’s dividend payout ratio (DPR) is 4,328.36%.

About Antofagasta

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.