Antofagasta (LON:ANTO) Receives "Underweight" Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Antofagasta (LON:ANTO - Free Report) in a report issued on Tuesday, MarketBeat.com reports.

ANTO has been the subject of several other reports. Canaccord Genuity Group reaffirmed a buy rating and issued a GBX 1,925 ($24.36) price objective on shares of Antofagasta in a research note on Tuesday, February 20th. Barclays reissued an equal weight rating and set a GBX 1,270 ($16.07) target price on shares of Antofagasta in a research report on Monday, December 18th. Citigroup reaffirmed a buy rating and issued a GBX 2,100 ($26.58) target price on shares of Antofagasta in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group reaffirmed a hold rating and set a GBX 1,550 ($19.62) price target on shares of Antofagasta in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of GBX 1,619.38 ($20.50).

Antofagasta Stock Up 2.4 %

LON ANTO traded up GBX 54 ($0.68) during trading hours on Tuesday, hitting GBX 2,269 ($28.72). 1,855,493 shares of the company were exchanged, compared to its average volume of 1,157,990. The company has a 50 day moving average of GBX 1,865.34 and a two-hundred day moving average of GBX 1,619.30. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86. Antofagasta has a 52-week low of GBX 1,280 ($16.20) and a 52-week high of GBX 2,272 ($28.76). The firm has a market cap of £22.37 billion, a price-to-earnings ratio of 3,386.57, a PEG ratio of -1.08 and a beta of 1.12.

Antofagasta Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be given a $0.24 dividend. This is an increase from Antofagasta's previous dividend of $0.12. The ex-dividend date is Thursday, April 18th. This represents a yield of 1.09%. Antofagasta's payout ratio is presently 4,328.36%.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.