Antofagasta (LON:ANTO) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Antofagasta plc (LON:ANTO)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,182.05 and traded as high as GBX 3,640. Antofagasta shares last traded at GBX 3,482, with a volume of 1,315,020 shares trading hands.

Analyst Upgrades and Downgrades

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

Antofagasta Price Performance

The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The business has a 50 day simple moving average of GBX 3,712.43 and a 200-day simple moving average of GBX 3,182.05. The firm has a market cap of £34.33 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of -1.08 and a beta of 1.29.

Antofagasta (LON:ANTO) last issued its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 EPS 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 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.