Antofagasta plc -3.3% potential downside indicated by JP Morgan

Antofagasta plc with ticker (LON:ANTO) now has a potential downside of -3.3% according to JP Morgan.



JP Morgan set a target price of 1,400 GBX for the company, which when compared to the Antofagasta plc share price of 1,447 GBX at opening today (27/10/2021) indicates a potential downside of -3.3%. Trading has ranged between 993 (52 week low) and 1,972 (52 week high) with an average of 2,032,892 shares exchanging hands daily. The market capitalisation at the time of writing is £14,042,848,241.

Antofagasta plc is a copper mining company. The Company operates four copper mines in Chile, two of which produce by-products. In addition to mining, the Company has a transport division providing rail and road cargo services in northern Chile predominantly to mining customers, which include the Company’s own operations. The Company’s segments include Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. Los Pelambres produces primarily copper concentrate and molybdenum as a by-product. Centinela produces copper concentrate containing gold as a by-product, molybdenum concentrates and copper cathodes. Antucoya and Zaldivar produce copper cathodes. The transport division provides rail cargo and road cargo transport together with its ancillary services.