Antofagasta (LON:ANTO) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Antofagasta plc (LON:ANTO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,986.48 and traded as high as GBX 4,081. Antofagasta shares last traded at GBX 3,915, with a volume of 1,871,725 shares changing hands.

Analyst Ratings Changes

ANTO has been the topic of a number of analyst reports. Morgan Stanley cut Antofagasta to an “underweight” rating and dropped their target price for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,700 target price on shares of Antofagasta in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Antofagasta currently has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Stock Performance

The company has a market cap of £38.97 billion, a price-to-earnings ratio of 35.71, a PEG ratio of -1.08 and a beta of 1.24. The firm’s 50 day simple moving average is GBX 3,666.35 and its 200-day simple moving average is GBX 2,986.48. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90.

Antofagasta (LON:ANTO) last posted its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. On average, sell-side analysts predict that Antofagasta plc will post 87.0403995 EPS for the current year.

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.