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

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

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research note on Thursday, April 16th. Citigroup increased their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research note on Thursday, April 16th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and increased their target price for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 2,800 target price on shares of Antofagasta in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of GBX 3,518.75.

Antofagasta Price Performance

Shares of LON ANTO opened at GBX 3,978 on Tuesday. The firm has a market cap of £39.22 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of -1.08 and a beta of 1.35. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. Antofagasta has a 1-year low of GBX 1,675.50 and a 1-year high of GBX 4,475. The business’s 50 day moving average is GBX 3,662.35 and its 200-day moving average is GBX 3,472.

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.