Antofagasta (LON:ANTO) Reaches New 1-Year High – What’s Next?

Antofagasta plc (LON:ANTO) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,186 and last traded at GBX 3,168, with a volume of 1055421 shares trading hands. The stock had previously closed at GBX 3,141.

Wall Street Analysts Forecast Growth

ANTO has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Antofagasta from GBX 3,400 to GBX 3,500 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research note on Friday, November 7th. Canaccord Genuity Group raised their price target on Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 1,900 target price on shares of Antofagasta in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Antofagasta presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,694.17.

Antofagasta Stock Up 0.3%

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 stock’s 50-day moving average price is GBX 2,802.19 and its two-hundred day moving average price is GBX 2,354.34. The stock has a market capitalization of £31.34 billion, a PE ratio of 28.72, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Company Profile

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.