Trade Report: Today, JPMorgan Chase & Co. Increases Antofagasta plc (ANTO) Price Target to GBX 390

Today, JPMorgan Chase & Co. Increases Antofagasta plc (ANTO) Price Target to GBX 390

Antofagasta plc (LON:ANTO) had its target price upped by research analysts at JPMorgan Chase & Co. from GBX 350 ($4.37) to GBX 390 ($4.87) in a research note issued on Monday. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 46.02% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Macquarie reissued an “underperform” rating and set a GBX 400 ($5.00) target price on shares of Antofagasta plc in a research note on Monday, August 22nd. Barclays PLC boosted their target price on Antofagasta plc from GBX 460 ($5.75) to GBX 510 ($6.37) and gave the stock an “equal weight” rating in a research note on Monday, October 24th. Peel Hunt reissued a “hold” rating and set a GBX 515 ($6.43) target price on shares of Antofagasta plc in a research note on Monday, August 15th. Deutsche Bank AG reissued a “hold” rating and set a GBX 575 ($7.18) target price on shares of Antofagasta plc in a research note on Monday, September 5th. Finally, SP Angel reissued a “hold” rating on shares of Antofagasta plc in a research note on Wednesday, July 27th. Ten research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Antofagasta plc currently has a consensus rating of “Hold” and an average price target of GBX 511.86 ($6.40).

Shares of Antofagasta plc (LON:ANTO) traded up 0.49% on Monday, hitting GBX 722.50. The stock had a trading volume of 1,902,352 shares. Antofagasta plc has a 12-month low of GBX 340.60 and a 12-month high of GBX 789.00. The stock has a 50 day moving average price of GBX 592.46 and a 200-day moving average price of GBX 507.67. The company’s market cap is GBX 7.12 billion.

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