Antofagasta (LON:ANTO) Sets New 1-Year High – Still a Buy?

Antofagasta plc (LON:ANTO) shares reached a new 52-week high on Monday . The stock traded as high as GBX 3,297 and last traded at GBX 3,255, with a volume of 2074456 shares traded. The stock had previously closed at GBX 3,224.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANTO. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their target price on Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,900 price target on shares of Antofagasta in a report on Tuesday, November 11th. Canaccord Genuity Group raised their price target on Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,694.17.

Antofagasta Stock Up 0.2%

The firm has a market capitalization of £31.86 billion, a P/E ratio of 29.20, a PEG ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The firm’s 50-day moving average is GBX 2,840.79 and its 200 day moving average is GBX 2,392.28.

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.