Antofagasta (LON:ANTO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Antofagasta plc (LON:ANTO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,228.33 and traded as high as GBX 3,781. Antofagasta shares last traded at GBX 3,677, with a volume of 948,181 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ANTO shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 price objective on shares of Antofagasta in a report on Wednesday, January 21st. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and boosted their price objective for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Finally, Morgan Stanley lowered shares of Antofagasta to an “underweight” rating and dropped their price objective for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Antofagasta has a consensus rating of “Hold” and a consensus 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 company has a market capitalization of £36.38 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of -1.08 and a beta of 1.38. The firm’s fifty day simple moving average is GBX 3,695.49 and its 200 day simple moving average is GBX 3,228.33.

Antofagasta (LON:ANTO) last posted its quarterly earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. 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.