Antofagasta (LON:ANTO) Stock Crosses Above 200-Day Moving Average of $1,497.90

Shares of Antofagasta plc (LON:ANTO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,497.90 ($18.74) and traded as high as GBX 1,503 ($18.81). Antofagasta shares last traded at GBX 1,491.50 ($18.66), with a volume of 2,504,985 shares trading hands.

Wall Street Analysts Forecast Growth

ANTO has been the subject of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,900 ($23.78) target price on shares of Antofagasta in a report on Thursday, August 10th. Barclays dropped their price objective on Antofagasta from GBX 1,350 ($16.89) to GBX 1,270 ($15.89) and set an “equal weight” rating on the stock in a research report on Monday, July 10th. Citigroup reissued a “neutral” rating on shares of Antofagasta in a report on Monday, May 22nd. Morgan Stanley increased their target price on Antofagasta from GBX 1,340 ($16.77) to GBX 1,490 ($18.65) and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,400 ($17.52) price objective on shares of Antofagasta in a research note on Friday, September 8th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Antofagasta has an average rating of “Hold” and an average target price of GBX 1,507.78 ($18.87).

Antofagasta Price Performance

The firm has a market cap of £14.70 billion, a PE ratio of 1,193.20, a PEG ratio of -1.08 and a beta of 1.12. The firm has a fifty day simple moving average of GBX 1,508.82 and a two-hundred day simple moving average of GBX 1,497.90. The company has a debt-to-equity ratio of 27.15, a quick ratio of 2.78 and a current ratio of 2.67.

Antofagasta Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.12 per share. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 31st. Antofagasta’s dividend payout ratio is presently 4,000.00%.

Antofagasta Company Profile

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.