Antofagasta (LON:ANTO) Stock Rating Upgraded by JPMorgan Chase & Co.

Antofagasta (LON:ANTO) was upgraded by research analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage presently has a GBX 4,500 price target on the mining company’s stock, up from their previous price target of GBX 3,400. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.83% from the stock’s previous close.

Several other research firms have also recently issued reports on ANTO. Citigroup upped their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 4,500 price objective on shares of Antofagasta in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of GBX 3,756.25.

Antofagasta Trading Up 0.8%

LON:ANTO opened at GBX 3,885 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The firm has a market cap of £38.30 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. The stock has a fifty day moving average price of GBX 3,921 and a 200 day moving average price of GBX 3,717.99. Antofagasta has a 12-month low of GBX 1,811 and a 12-month high of GBX 4,475.

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.