Antofagasta (LON:ANTO) Shares Pass Above 200 Day Moving Average – Here’s Why

Antofagasta plc (LON:ANTO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,089.60 and traded as high as GBX 3,588. Antofagasta shares last traded at GBX 3,524, with a volume of 27,363,533 shares.

Wall Street Analyst Weigh In

ANTO has been the subject of a number of recent analyst reports. Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and increased their target price for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research report on Thursday, February 5th. Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and reduced their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 target price on shares of Antofagasta in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Antofagasta has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Performance

The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The stock has a fifty day simple moving average of GBX 3,754.96 and a two-hundred day simple moving average of GBX 3,089.60. The firm has a market capitalization of £34.74 billion, a P/E ratio of 26.14, a P/E/G ratio of -1.08 and a beta of 1.29.

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

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.