Antofagasta (LON:ANTO) had its price objective dropped by JPMorgan Chase from GBX 750 ($10.53) to GBX 710 ($9.97) in a report issued on Monday. The firm currently has an “underweight” rating on the mining company’s stock. JPMorgan Chase’s price objective suggests a potential downside of 21.16% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a research report on Wednesday, March 14th. Jefferies Group reaffirmed a “buy” rating on shares of Antofagasta in a research report on Monday, December 18th. Canaccord Genuity raised Antofagasta to a “buy” rating and raised their price target for the stock from GBX 980 ($13.76) to GBX 1,090 ($15.30) in a research report on Thursday, March 15th. Barclays raised their price target on Antofagasta from GBX 920 ($12.91) to GBX 995 ($13.97) and gave the stock an “equal weight” rating in a research report on Monday, January 8th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 950 ($13.34) price target on shares of Antofagasta in a research report on Tuesday, March 13th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 900.07 ($12.63).
LON:ANTO traded down GBX 30.20 ($0.42) during mid-day trading on Monday, hitting GBX 900.60 ($12.64). The company had a trading volume of 1,363,559 shares, compared to its average volume of 3,470,000. Antofagasta has a fifty-two week low of GBX 11.12 ($0.16) and a fifty-two week high of GBX 1,071 ($15.03).
Antofagasta Company Profile
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and evaluation, and Railway and Other Transport Services segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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