Antofagasta (LON:ANTO) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Antofagasta plc (LON:ANTO) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 3,801.07 and traded as low as GBX 3,751. Antofagasta shares last traded at GBX 3,800, with a volume of 439,371 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on ANTO shares. Berenberg Bank raised Antofagasta to a “buy” rating and set a GBX 4,400 price objective for the company in a report on Monday, September 14th. Royal Bank Of Canada cut Antofagasta to an “underperform” rating and set a GBX 2,700 target price for the company. in a report on Monday, July 20th. JPMorgan Chase & Co. lowered their target price on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 3,400 price objective on shares of Antofagasta in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Antofagasta currently has an average rating of “Hold” and an average target price of GBX 3,843.75.

Antofagasta Stock Down 0.4%

The firm has a 50 day moving average price of GBX 3,813.40 and a 200-day moving average price of GBX 3,801.59. The company has a current ratio of 2.58, a quick ratio of 2.78 and a debt-to-equity ratio of 75.57. The firm has a market cap of £35.21 billion, a PE ratio of 21.29, a PEG ratio of -1.08 and a beta of 1.41.

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.