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

JPMorgan Chase & Co. reiterated their overweight rating on shares of Antofagasta (LON:ANTO) in a research report released on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 2,400 ($31.06) price target on the mining company’s stock.

ANTO has been the topic of several other reports. Citigroup cut their price objective on shares of Antofagasta from GBX 2,800 ($36.24) to GBX 2,500 ($32.36) and set a “buy” rating on the stock in a research report on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,125 ($27.50) price target on shares of Antofagasta in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,185 ($28.28).

Antofagasta Trading Down 2.7 %

Antofagasta stock opened at GBX 1,729.50 ($22.39) on Friday. Antofagasta has a 12 month low of GBX 1,567.50 ($20.29) and a 12 month high of GBX 2,425 ($31.39). The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The business’s fifty day simple moving average is GBX 1,794.07 and its two-hundred day simple moving average is GBX 1,765.39. The company has a market capitalization of £21.31 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

Antofagasta Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Investors of record on Thursday, April 17th will be given a dividend of $0.24 per share. This is an increase from Antofagasta’s previous dividend of $0.08. The ex-dividend date is Thursday, April 17th. This represents a yield of 0.93%. Antofagasta’s dividend payout ratio is 41.91%.

About Antofagasta

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.