Antofagasta (LON:ANTO – Get Rating) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 1,550 ($19.02) to GBX 1,480 ($18.16) in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 31.56% from the company’s previous close.
A number of other analysts have also weighed in on ANTO. Barclays restated an “overweight” rating and set a GBX 1,645 ($20.18) target price on shares of Antofagasta in a research note on Monday, May 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Antofagasta from GBX 1,500 ($18.40) to GBX 1,320 ($16.19) and set a “hold” rating for the company in a research report on Tuesday, June 28th. Royal Bank of Canada reissued an “underperform” rating and issued a GBX 1,300 ($15.95) price target on shares of Antofagasta in a research note on Monday, May 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Antofagasta in a research note on Wednesday, May 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,449.44 ($17.78).
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ANTO stock opened at GBX 1,124.95 ($13.80) on Monday. The company has a quick ratio of 3.10, a current ratio of 3.43 and a debt-to-equity ratio of 28.77. Antofagasta has a 52 week low of GBX 1,075.50 ($13.19) and a 52 week high of GBX 1,799.50 ($22.08). The firm has a 50 day moving average of GBX 1,401.47 and a 200 day moving average of GBX 1,455.42. The stock has a market capitalization of £11.09 billion and a PE ratio of 1,038.43.
Antofagasta Company Profile (Get Rating)
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.
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Source: marketbeat.com