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Antofagasta plc 16% Potential Decrease Indicated by JP Morgan Cazenove

Antofagasta plc with EPIC/TICKER (LON:ANTO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at JP Morgan Cazenove. Antofagasta plc are listed in the Basic Materials sector within UK Main Market. JP Morgan Cazenove have set their target price at 790 GBX on its stock. This would imply the analyst believes there is a potential downside of -16.0% from today’s opening price of 940.6 GBX. Over the last 30 and 90 trading days the company share price has increased 22.2 points and increased 69.8 points respectively. The 1 year high stock price is 1026 GBX while the 52 week low for the stock is 768.8 GBX.

Antofagasta plc has a 50 day moving average of 926.50 GBX and the 200 Day Moving Average price is recorded at 896.70. There are currently 985,856,695 shares in issue with the average daily volume traded being 2,005,294. Market capitalisation for LON:ANTO is £9,011,995,358 GBP.