Antofagasta (LON:ANTO) Hits New 1-Year High – Here’s What Happened

Antofagasta plc (LON:ANTO)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 3,682 and last traded at GBX 3,670, with a volume of 16617932 shares trading hands. The stock had previously closed at GBX 3,562.30.

Wall Street Analysts Forecast Growth

ANTO has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Canaccord Genuity Group boosted their price target on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a report on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,827.50.

Antofagasta Stock Performance

The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The firm has a market capitalization of £36.51 billion, a PE ratio of 33.45, a PEG ratio of -1.08 and a beta of 1.00. The firm’s fifty day moving average price is GBX 3,131.16 and its 200 day moving average price is GBX 2,623.99.

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.