Antofagasta (LON:ANTO) Price Target Raised to GBX 2,500 at JPMorgan Chase & Co.

Antofagasta (LON:ANTO - Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 2,400 ($32.38) to GBX 2,500 ($33.72) in a report released on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the mining company's stock.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,100 ($28.33) price objective on shares of Antofagasta in a research note on Thursday, July 3rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,165 ($29.21).

Antofagasta Stock Performance

Shares of Antofagasta stock traded up GBX 4 ($0.05) during trading on Thursday, reaching GBX 1,887.50 ($25.46). The company's stock had a trading volume of 880,016 shares, compared to its average volume of 2,858,483. 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 business's 50-day moving average price is GBX 1,811.32 and its 200-day moving average price is GBX 1,739.06. Antofagasta has a 52 week low of GBX 1,278 ($17.24) and a 52 week high of GBX 2,239 ($30.20). The firm has a market cap of £23.26 billion, a PE ratio of 30.43, a P/E/G 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.