Antofagasta (LON:ANTO) Sets New 1-Year High – Should You Buy?

Shares of Antofagasta plc (LON:ANTO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 4,192.31 and last traded at GBX 4,183, with a volume of 8580165 shares. The stock had previously closed at GBX 4,081.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley cut Antofagasta to an “underweight” rating and dropped their price target for the stock from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Canaccord Genuity Group downgraded Antofagasta to a “hold” rating and upped their price target for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,900 target price on shares of Antofagasta in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. 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 stock. Based on data from MarketBeat, Antofagasta presently has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Price Performance

The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The company has a market capitalization of £42.33 billion, a P/E ratio of 38.79, a P/E/G ratio of -1.08 and a beta of 1.00. The firm’s fifty day moving average is GBX 3,587.10 and its 200 day moving average is GBX 2,922.37.

Antofagasta (LON:ANTO) last issued its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. As a group, analysts predict that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal year.

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.