Antofagasta (LON:ANTO) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Antofagasta plc (LON:ANTO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,408.12 and traded as high as GBX 4,299. Antofagasta shares last traded at GBX 4,299, with a volume of 1,467,445 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 2,800 price target on shares of Antofagasta in a research note on Friday, April 10th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price target on shares of Antofagasta in a research note on Thursday, April 16th. Citigroup lifted their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and lifted their price target for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of GBX 3,493.75.

Antofagasta Stock Down 10.3%

The business’s fifty day moving average price is GBX 3,658.63 and its 200 day moving average price is GBX 3,422.19. The firm 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 current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56.

Antofagasta (LON:ANTO) last announced 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%. On average, equities analysts expect that Antofagasta plc will post 87.0403995 EPS 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.