Antofagasta plc -27.8% potential downside indicated by JP Morgan

Antofagasta plc with ticker (LON:ANTO) now has a potential downside of -27.8% according to JP Morgan.



JP Morgan set a target price of 1,320 GBX for the company, which when compared to the Antofagasta plc share price of 1,829 GBX at opening today (01/03/2024) indicates a potential downside of -27.8%. Trading has ranged between 1,280 (52 week low) and 1,844 (52 week high) with an average of 1,073,990 shares exchanging hands daily. The market capitalisation at the time of writing is £17,761,441,054.

Antofagasta plc is a United Kingdom-based copper mining company with interests in transport. The Company’s operations are related to mining and exploration activities, and the transport of rail and road cargo. The Company’s divisions include Mining and Transport. Through its Mining division, the Company owns and operates four mines: Los Pelambres, which is located in the Coquimbo region of central Chile, and Centinela, Antucoya and Zaldivar, which are located in the Antofagasta region of northern Chile. These mines produce copper cathodes, copper concentrates and significant volumes of by-products. The Transport division provides rail and road cargo services in northern Chile, predominantly to mining customers, including the Company’s own operations. Ferrocarril de Antofagasta a Bolivia is the corporate name of its Transport division. In Chile, it is pursuing brownfield and greenfield projects and in the other countries, it has generative programs, identifying early-stage projects.