Antofagasta (LON:ANTO) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Antofagasta plc (LON:ANTO) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,875.59 ($23.53) and traded as low as GBX 1,590.50 ($19.96). Antofagasta shares last traded at GBX 1,590.50 ($19.96), with a volume of 559,036 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ANTO shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Antofagasta from GBX 2,100 ($26.35) to GBX 2,000 ($25.09) and set a “hold” rating on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd. Finally, Citigroup decreased their price target on Antofagasta from GBX 2,800 ($35.13) to GBX 2,500 ($31.37) and set a “buy” rating for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 2,005.71 ($25.17).

Antofagasta Price Performance

The stock has a 50 day moving average of GBX 1,716.71 and a 200-day moving average of GBX 1,873.60. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The company has a market cap of £15.74 billion, a PE ratio of 2,705.93, a price-to-earnings-growth 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.