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

Antofagasta (LON:ANTO) had its price target cut by analysts at JPMorgan Chase & Co. from GBX 4,500 to GBX 4,300 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.98% from the company’s current price.

ANTO has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. Royal Bank Of Canada lowered 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. Citigroup upped their target price on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 4,400 price target on shares of Antofagasta in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Antofagasta currently has an average rating of “Reduce” and an average target price of GBX 3,843.75.

Antofagasta Trading Down 3.8%

Shares of Antofagasta stock opened at GBX 3,613.95 on Friday. The firm has a market capitalization of £35.63 billion, a price-to-earnings ratio of 26.81, a PEG 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. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The stock has a 50 day moving average of GBX 3,823.71 and a 200 day moving average of GBX 3,796.55.

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.