Antofagasta's (ANTO) Overweight Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has restated its "overweight" rating for Antofagasta with a target price of GBX 2,500 ($33.82), indicating a potential upside of 17.81% from the current stock price.
• Other analysts have also provided positive ratings, with Berenberg Bank reaffirming a "buy" rating and a target price of GBX 2,100 ($28.41).
• Antofagasta's stock reached GBX 2,122 ($28.71) recently, with a trading volume of 1,036,224 shares on that day, which is below its average trading volume.

Antofagasta (LON:ANTO - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at JPMorgan Chase & Co. in a report issued on Friday, MarketBeat reports. They currently have a GBX 2,500 price objective on the mining company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 18.15% from the company's previous close.

ANTO has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a "hold" rating in a research note on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,700 target price on shares of Antofagasta in a research note on Thursday, July 24th. Citigroup raised their target price on Antofagasta from GBX 2,000 to GBX 2,200 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,100 target price on shares of Antofagasta in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 2,137.50.

Antofagasta Trading Up 0.0%

Shares of ANTO traded up GBX 1 during mid-day trading on Friday, reaching GBX 2,116. 1,169,218 shares of the company were exchanged, compared to its average volume of 2,515,672. Antofagasta has a 52 week low of GBX 1,278 and a 52 week high of GBX 2,171. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The stock has a market capitalization of £26.07 billion, a PE ratio of 34.11, a PEG ratio of -1.08 and a beta of 1.00. The business has a 50 day simple moving average of GBX 1,906.46 and a two-hundred day simple moving average of GBX 1,795.38.

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.