Antofagasta (LON:ANTO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Antofagasta plc (LON:ANTO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,140.80 and traded as high as GBX 3,374. Antofagasta shares last traded at GBX 3,362, with a volume of 31,700,350 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on ANTO shares. Deutsche Bank Aktiengesellschaft upped their price target on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley cut Antofagasta to an “underweight” rating and lowered their price objective for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,700 target price on shares of Antofagasta in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and lifted their price target for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Three equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Price Performance

The stock has a market cap of £33.14 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of -1.08 and a beta of 1.29. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The company’s 50-day moving average is GBX 3,743.30 and its 200-day moving average is GBX 3,140.80.

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