Antofagasta (LON:ANTO) Earns “Underweight” Rating from JPMorgan Chase & Co.

Antofagasta (LON:ANTO)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,700 ($21.16) target price on the mining company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 25.08% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,550 ($19.30) target price on shares of Antofagasta in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,500 ($18.67) target price on shares of Antofagasta in a report on Thursday. Citigroup reiterated a “buy” rating and set a GBX 2,100 ($26.14) target price on shares of Antofagasta in a report on Wednesday, January 31st. Bank of America reiterated a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,925 ($23.96) price objective on shares of Antofagasta in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,648.33 ($20.52).

Antofagasta Stock Performance

Shares of LON:ANTO remained flat at GBX 2,269 ($28.25) during mid-day trading on Thursday. The company had a trading volume of 2,261,083 shares, compared to its average volume of 1,207,558. The firm has a market capitalization of £22.37 billion, a price-to-earnings ratio of 3,379.10, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. Antofagasta has a 1-year low of GBX 1,280 ($15.93) and a 1-year high of GBX 2,336 ($29.08). The stock’s 50-day moving average price is GBX 1,926.91 and its 200 day moving average price is GBX 1,653.23.

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.