Antofagasta (LON:ANTO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Antofagasta plc (LON:ANTO) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,089.60 and traded as high as GBX 3,588. Antofagasta shares last traded at GBX 3,524, with a volume of 27,363,533 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 target price on shares of Antofagasta in a research report on Wednesday, January 21st. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and upped their price target for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Finally, Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and reduced their price target for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Stock Up 0.1%

The company has a market cap of £34.74 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of -1.08 and a beta of 1.29. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The stock has a fifty day moving average price of GBX 3,754.96 and a two-hundred day moving average price of GBX 3,089.60.

Antofagasta (LON:ANTO) last announced its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. On average, research analysts expect that Antofagasta plc will post 87.0403995 EPS for the current year.

Antofagasta Company Profile

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.