Antofagasta (LON:ANTO) Trading Down 6.4%

Antofagasta plc (LON:ANTOGet Free Report)’s stock price fell 6.4% during trading on Wednesday . The stock traded as low as GBX 2,243 ($28.51) and last traded at GBX 2,256 ($28.67). 1,033,770 shares were traded during mid-day trading, a decline of 15% from the average session volume of 1,221,974 shares. The stock had previously closed at GBX 2,410 ($30.63).

Analyst Ratings Changes

ANTO has been the subject of a number of research reports. Bank of America reissued a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,500 ($19.06) price objective on shares of Antofagasta in a research note on Thursday, April 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,700 ($21.61) target price on shares of Antofagasta in a research report on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,550 ($19.70) target price on shares of Antofagasta in a research note on Tuesday, February 20th. Finally, Canaccord Genuity Group lowered Antofagasta to a “hold” rating and lifted their price target for the company from GBX 1,925 ($24.47) to GBX 2,065 ($26.25) in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Antofagasta currently has an average rating of “Hold” and an average target price of GBX 1,686.25 ($21.43).

Get Our Latest Stock Analysis on Antofagasta

Antofagasta Trading Down 0.6 %

The firm’s fifty day simple moving average is GBX 2,179.35 and its 200-day simple moving average is GBX 1,815.70. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The stock has a market cap of £22.14 billion, a P/E ratio of 3,302.94, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12.

About Antofagasta

(Get Free Report)

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.

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