Antofagasta’s (ANTO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday,Digital Look reports.

A number of other analysts also recently weighed in on ANTO. Berenberg Bank boosted their target price on Antofagasta from GBX 2,200 to GBX 2,900 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,900 price objective on shares of Antofagasta in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a “hold” rating in a report on Monday, August 4th. Finally, Citigroup reissued a “buy” rating and issued a GBX 2,300 price target on shares of Antofagasta in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Antofagasta presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,454.17.

Antofagasta Trading Up 3.2%

LON ANTO opened at GBX 2,739 on Thursday. 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 stock’s 50-day simple moving average is GBX 2,531.60 and its two-hundred day simple moving average is GBX 2,097.97. Antofagasta has a twelve month low of GBX 1,278 and a twelve month high of GBX 2,877. The company has a market capitalization of £27.00 billion, a price-to-earnings ratio of 24.74, a PEG 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.