Antofagasta (LON:ANTO) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

Shares of Antofagasta plc (LON:ANTO) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 3,782.78 and traded as high as GBX 3,846. Antofagasta shares last traded at GBX 3,802, with a volume of 895,884 shares.

Analyst Upgrades and Downgrades

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

Antofagasta Trading Up 3.0%

The company has a quick ratio of 2.78, a current ratio of 2.58 and a debt-to-equity ratio of 75.57. The stock has a market capitalization of £37.48 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of -1.08 and a beta of 1.41. The company has a fifty day moving average of GBX 3,804.06 and a two-hundred day moving average of GBX 3,782.78.

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.