Antofagasta (LON:ANTO) Given “Overweight” Rating at JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

ANTO has been the subject of several other reports. Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and lowered their price objective for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 target price on shares of Antofagasta in a research report on Friday, November 7th. Canaccord Genuity Group boosted their target price on Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Price Performance

Shares of LON:ANTO traded down GBX 26 during midday trading on Thursday, hitting GBX 3,842. The stock had a trading volume of 34,370,938 shares, compared to its average volume of 16,058,508. The company’s 50-day moving average price is GBX 3,307 and its 200-day moving average price is GBX 2,724.72. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 4,176. 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 company has a market capitalization of £37.88 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

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.