Antofagasta (LON:ANTO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Antofagasta plc (LON:ANTO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,705.78 and traded as high as GBX 3,838. Antofagasta shares last traded at GBX 3,778, with a volume of 2,267,102 shares trading hands.

Wall Street Analysts Forecast Growth

ANTO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on Antofagasta from GBX 3,200 to GBX 3,400 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a report on Friday, April 10th. Jefferies Financial Group restated a “hold” rating and issued a GBX 4,500 target price on shares of Antofagasta in a research note on Tuesday, June 9th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 3,618.75.

Antofagasta Stock Performance

The firm has a market capitalization of £37.99 billion, a PE ratio of 28.59, a PEG ratio of -1.08 and a beta of 1.41. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The company has a 50-day moving average of GBX 3,919.59 and a 200 day moving average of GBX 3,712.26.

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.