Antofagasta (LON:ANTO) Shares Pass Below 200 Day Moving Average – Should You Sell?

Antofagasta plc (LON:ANTO)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,786.75 and traded as low as GBX 3,700. Antofagasta shares last traded at GBX 3,783, with a volume of 144,710,016 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ANTO shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,500 price target on shares of Antofagasta in a research report on Tuesday, June 9th. Berenberg Bank upgraded shares of Antofagasta to a “buy” rating and set a GBX 4,400 price objective on the stock in a research report on Monday, September 14th. Royal Bank Of Canada cut shares of Antofagasta to an “underperform” rating and set a GBX 2,700 price objective on the stock. in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 3,400 target price on shares of Antofagasta in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,843.75.

Antofagasta Stock Down 2.5%

The company has a market cap of £36.93 billion, a PE ratio of 22.32, a P/E/G ratio of -1.08 and a beta of 1.41. The firm has a 50-day simple moving average of GBX 3,789.05 and a two-hundred day simple moving average of GBX 3,785.33. The company has a debt-to-equity ratio of 75.57, a current ratio of 2.58 and a quick ratio of 2.78.

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.