Antofagasta’s (ANTO) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Antofagasta (LON:ANTO) in a research note published on Friday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 2,400 ($31.03) price objective on the mining company’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup decreased their target price on Antofagasta from GBX 2,800 ($36.20) to GBX 2,500 ($32.32) and set a “buy” rating for the company in a research note on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,125 ($27.48) price target on shares of Antofagasta in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 2,185 ($28.25).

Antofagasta Stock Performance

ANTO opened at GBX 1,729.50 ($22.36) on Friday. The business has a 50 day moving average price of GBX 1,794.07 and a two-hundred day moving average price of GBX 1,764.78. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. 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 has a 1-year low of GBX 1,567.50 ($20.27) and a 1-year high of GBX 2,425 ($31.36).

Antofagasta Increases Dividend

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

Antofagasta Company Profile

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.