Antofagasta (LON:ANTO) Price Target Lowered to GBX 4,300 at JPMorgan Chase & Co.

Antofagasta (LON:ANTO) had its price target trimmed by JPMorgan Chase & Co. from GBX 4,500 to GBX 4,300 in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has an overweight rating on the mining company’s stock.

Other equities research analysts also recently issued research reports about the company. Citigroup raised their price target on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada downgraded shares of Antofagasta to an “underperform” rating and set a GBX 2,700 price objective on the stock. in a report on Monday, July 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 4,400 target price on shares of Antofagasta in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of GBX 3,843.75.

Antofagasta Stock Performance

Shares of LON:ANTO opened at GBX 3,585 on Friday. The firm’s 50 day simple moving average is GBX 3,816.01 and its 200 day simple moving average is GBX 3,795.07. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The company has a market capitalization of £35.34 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of -1.08 and a beta of 1.41. Antofagasta has a fifty-two week low of GBX 2,077 and a fifty-two week high of GBX 4,475.

Antofagasta News Roundup

Here are the key news stories impacting Antofagasta this week:

• Positive Sentiment: Higher copper prices boosted Antofagasta’s earnings despite a decline in production, providing support for revenue and profitability. Antofagasta earnings boosted by copper prices despite output drop
• Positive Sentiment: JPMorgan maintained an “overweight” rating, indicating a favorable view of the shares, although it lowered its price target from GBX 4,500 to GBX 4,300. JPMorgan broker rating
• Neutral Sentiment: Berenberg reaffirmed its “hold” rating and set a GBX 4,400 target, suggesting potential upside but limited conviction following the production outlook reduction. Berenberg broker rating
• Negative Sentiment: Antofagasta cut its 2026 copper-production forecast, citing operational challenges in Chile. The guidance reduction triggered a sharp sell-off and weighed on the broader FTSE 100. Antofagasta cuts 2026 copper production forecast
• Negative Sentiment: Reports that roughly $2 billion in profit was overshadowed by Chilean copper-production problems reinforce investor concerns that operational weakness could persist despite supportive metal prices. Antofagasta’s $2B profit eclipsed by Chile copper woes
• Negative Sentiment: Deutsche Bank reaffirmed its “sell” rating with a GBX 3,400 target, below the company’s recent trading level, highlighting valuation and execution concerns. Deutsche Bank broker rating

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.