Antofagasta (LON:ANTO) Trading Down 10.7% – Time to Sell?

Antofagasta plc (LON:ANTO)’s share price traded down 10.7% during mid-day trading on Friday . The stock traded as low as GBX 3,810 and last traded at GBX 3,810. 1,484,032 shares were traded during trading, a decline of 88% from the average session volume of 12,750,805 shares. The stock had previously closed at GBX 4,267.

Analyst Ratings Changes

A number of research firms have recently weighed in on ANTO. Berenberg Bank restated a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a report on Thursday, April 16th. Citigroup raised their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 3,100 price target on shares of Antofagasta in a report on Thursday, April 16th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 2,800 price target on shares of Antofagasta in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Antofagasta has a consensus rating of “Reduce” and an average target price of GBX 3,493.75.

Antofagasta Stock Down 10.3%

The business’s 50 day moving average is GBX 3,662.95 and its 200 day moving average is GBX 3,419.32. The company has a market capitalization of £37.75 billion, a price-to-earnings ratio of 28.40, a PEG ratio of -1.08 and a beta of 1.35. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90.

Antofagasta (LON:ANTO) last released its 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%. Sell-side analysts anticipate that Antofagasta plc will post 87.0403995 earnings per share for the current 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.