JPMorgan Chase & Co. Raises Antofagasta (LON:ANTO) Price Target to GBX 3,200

Antofagasta (LON:ANTO) had its price target upped by equities researchers at JPMorgan Chase & Co. from GBX 3,100 to GBX 3,200 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 15.31% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of Antofagasta to a “hold” rating and boosted their target price for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a report on Wednesday, January 21st. Finally, Morgan Stanley downgraded Antofagasta to an “underweight” rating and dropped their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 2,964.29.

Antofagasta Stock Performance

Shares of ANTO opened at GBX 3,778.50 on Friday. The stock has a 50 day moving average of GBX 3,695.49 and a 200 day moving average of GBX 3,228.33. The company has a market capitalization of £37.25 billion, a price-to-earnings ratio of 28.03, a PEG ratio of -1.08 and a beta of 1.38. Antofagasta has a 12 month low of GBX 1,441.50 and a 12 month high of GBX 4,475. 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 (LON:ANTO) last announced its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. As a group, sell-side analysts forecast that Antofagasta will post 87.0403995 earnings per share for the current year.

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.