Antofagasta (LON:ANTO) Price Target Raised to GBX 2,400 at JPMorgan Chase & Co.

Antofagasta (LON:ANTO) had its price objective raised by JPMorgan Chase & Co. from GBX 1,600 ($20.21) to GBX 2,400 ($30.32) in a research note released on Wednesday morning, MarketBeat reports. They currently have an overweight rating on the mining company’s stock.

ANTO has been the subject of several other research reports. Citigroup dropped their price objective on shares of Antofagasta from GBX 2,800 ($35.38) to GBX 2,500 ($31.59) and set a “buy” rating for the company in a report on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,065 ($26.09) target price on shares of Antofagasta in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 2,176.43 ($27.50).

Antofagasta Stock Performance

LON ANTO opened at GBX 1,825.71 ($23.07) on Wednesday. Antofagasta has a twelve month low of GBX 1,567.50 ($19.80) and a twelve month high of GBX 2,425 ($30.64). The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The firm has a market cap of £22.49 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The business has a 50-day moving average price of GBX 1,708.49 and a 200-day moving average price of GBX 1,775.24.

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.