JPMorgan lifts Antofagasta target to GBp 4,500 for Antofagasta stock

Published on 10/15/2026 at 22:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

On October 15, 2026, Antofagasta sat 23.44 percent below its GBp 4,475.00 high. Antofagasta stock costs EUR 41.24 on October 15, 2026.

Analyst view and market levels

JPMorgan raised its Antofagasta target from GBp 4,300.00 to GBp 4,500.00 on October 14, 2026.
Antofagasta traded at a trailing P/E ratio of 27.07 on October 15, 2026.
Antofagasta stock costs EUR 41.24 at Lang & Schwarz on October 15, 2026 at 10:33 p.m. CEST, 23.44 percent below the 52-week high.
Antofagasta had a market capitalization of GBP 33.8 billion on October 15, 2026.

Extreme Nahaufnahme von glänzendem Kupfererz mit grünen Malachit-Mineraladern im Gestein — Makroaufnahme von rohem Kupfererz zeigt die Rohstoffbasis von Antofagasta plc GB0000456144 im Detail glänzend, Illustration mit AI erstellt.

JPMorgan raised its Antofagasta target from GBp 4,300.00 to GBp 4,500.00 on October 14, 2026, while keeping an Overweight rating, according to Markets Insider. The new target is 31.35 percent above the LSE price of GBp 3,426.00 reported for October 15, 2026. Antofagasta stock was trading at EUR 41.24 at Lang & Schwarz on October 15, 2026 at 10:33 p.m. CEST.

Output remains below the yearly high

The LSE quotation stood 23.44 percent below its 52-week high of GBp 4,475.00 and 37.26 percent above its 52-week low of GBp 2,496.00 on October 15, 2026. The range puts the current London price closer to the middle of the yearly band than to either extreme.

Valuation and scheduled reporting

Antofagasta had a market capitalization of GBP 33.8 billion and a trailing P/E ratio of 27.07 on October 15, 2026. Its trailing dividend yield was 2.00 percent on the same date. These figures describe the valuation alongside JPMorgan's target rather than establish an investment recommendation.

Antofagasta's next quarterly production report is expected in January 2027, according to the company's investor calendar. The company had published its third-quarter production report on October 15, 2026, with copper output of 151,900 tonnes, according to Investegate.

Comparison with peers

Antofagasta: minus 4.09 percent, P/E 27.07, market capitalization GBP 33.8 billion.

Freeport-McMoRan (NYSE, USD): plus 0.85 percent, P/E 34.34, market capitalization USD 100.7 billion.

Southern Copper (NYSE, USD): plus 0.50 percent, P/E 29.53, market capitalization USD 170.3 billion.

Price position in London

Antofagasta's London shares were last quoted at GBp 3,426.00 on October 15, 2026 at 4:35 p.m. London time, down 4.09 percent from the prior close. The euro quotation was EUR 41.24 at Lang & Schwarz at 10:33 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Antofagasta stock.