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

Shares of Antofagasta plc (LON:ANTO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,671.42 and traded as high as GBX 3,799. Antofagasta shares last traded at GBX 3,715.14, with a volume of 1,417,306 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ANTO. Jefferies Financial Group reissued a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price objective on shares of Antofagasta in a report on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of Antofagasta from GBX 3,200 to GBX 3,400 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Citigroup upped their target price on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Antofagasta has an average rating of “Reduce” and a consensus target price of GBX 3,618.75.

Antofagasta Price Performance

The firm has a fifty day moving average of GBX 3,927.43 and a two-hundred day moving average of GBX 3,671.42. The stock has a market capitalization of £36.63 billion, a P/E ratio of 27.56, a P/E/G ratio of -1.08 and a beta of 1.38. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78.

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.