Antofagasta (LON:ANTO) Hits New 1-Year High – Here’s What Happened

Antofagasta plc (LON:ANTO) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 3,682 and last traded at GBX 3,670, with a volume of 16617932 shares changing hands. The stock had previously closed at GBX 3,562.30.

Analyst Upgrades and Downgrades

Several analysts have commented on ANTO shares. Canaccord Genuity Group boosted their target price on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 3,400 to GBX 3,500 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 2,900 price target on shares of Antofagasta in a research note on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,827.50.

Antofagasta Stock Performance

The stock has a market cap of £36.51 billion, a P/E ratio of 33.45, a P/E/G ratio of -1.08 and a beta of 1.00. The firm has a 50 day moving average of GBX 3,131.16 and a two-hundred day moving average of GBX 2,623.99. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14.

About Antofagasta

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.