Antofagasta (LON:ANTO) Stock Crosses Above 200-Day Moving Average of $1,915.25

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 1,915.25 ($24.34) and traded as high as GBX 2,070 ($26.30). Antofagasta shares last traded at GBX 2,057 ($26.14), with a volume of 1,367,005 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ANTO shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,500 ($19.06) price target on shares of Antofagasta in a report on Thursday, April 18th. Bank of America reissued a “buy” rating on shares of Antofagasta in a research note on Thursday, April 11th. Canaccord Genuity Group cut Antofagasta to a “hold” rating and boosted their price target for the stock from GBX 1,925 ($24.46) to GBX 2,065 ($26.24) in a report on Friday, April 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,700 ($21.60) price objective on shares of Antofagasta in a report on Thursday, April 18th. Finally, Barclays reduced their price objective on shares of Antofagasta from GBX 1,725 ($21.92) to GBX 1,685 ($21.41) and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,686.25 ($21.43).

Antofagasta Stock Up 0.5 %

The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37. The firm has a market capitalization of £20.28 billion, a PE ratio of 3,070.15, a PEG ratio of -1.08 and a beta of 1.12. The company has a fifty day moving average price of GBX 2,209.72 and a 200-day moving average price of GBX 1,915.25.

Antofagasta Company Profile

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.