Antofagasta (LON:ANTO) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Antofagasta plc (LON:ANTO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,182.05 and traded as high as GBX 3,640. Antofagasta shares last traded at GBX 3,482, with a volume of 1,315,020 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on ANTO shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,700 price target on shares of Antofagasta in a report on Wednesday, January 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Morgan Stanley lowered Antofagasta to an “underweight” rating and cut their target price for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Finally, Canaccord Genuity Group cut Antofagasta to a “hold” rating and raised their target price for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Antofagasta currently has an average rating of “Hold” and an average price target of GBX 2,992.86.

Antofagasta Stock Up 4.7%

The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The firm’s 50 day moving average price is GBX 3,712.43 and its two-hundred day moving average price is GBX 3,182.05. The company has a market cap of £34.33 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of -1.08 and a beta of 1.29.

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