Antofagasta (LON:ANTO) Shares Cross Above 200-Day Moving Average of $1,682.29

Antofagasta plc (LON:ANTO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,682.29 ($20.78) and traded as high as GBX 2,270 ($28.04). Antofagasta shares last traded at GBX 2,227 ($27.51), with a volume of 1,145,466 shares changing hands.

Analysts Set New Price Targets

ANTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,500 ($18.53) price target on shares of Antofagasta in a report on Thursday, April 18th. Bank of America reissued a “buy” rating on shares of Antofagasta in a research note on Thursday, April 11th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,925 ($23.78) target price on shares of Antofagasta in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,700 ($21.00) target price on shares of Antofagasta in a research note on Thursday, April 18th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,550 ($19.15) target price on shares of Antofagasta in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,648.33 ($20.36).

Antofagasta Stock Performance

The firm has a 50-day moving average price of GBX 1,981.45 and a 200 day moving average price of GBX 1,682.29. The firm has a market capitalization of £21.96 billion, a PE ratio of 3,323.88, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a quick ratio of 2.78, a current ratio of 2.37 and a debt-to-equity ratio of 33.86.

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.24 per share. This is a positive change from Antofagasta’s previous dividend of $0.12. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, April 18th. Antofagasta’s dividend payout ratio (DPR) is currently 4,328.36%.

About Antofagasta

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.