Antofagasta (LON:ANTO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Antofagasta plc (LON:ANTO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,408.12 and traded as high as GBX 4,299. Antofagasta shares last traded at GBX 4,299, with a volume of 1,467,445 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Citigroup raised their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Antofagasta from GBX 3,100 to GBX 3,200 and gave the company a “neutral” rating in a research report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 3,493.75.

Antofagasta Price Performance

The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The company has a market cap of £42.38 billion, a P/E ratio of 31.89, a PEG ratio of -1.08 and a beta of 1.35. The business’s fifty day moving average is GBX 3,655.91 and its 200 day moving average is GBX 3,408.12.

Antofagasta (LON:ANTO) last released its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. As a group, sell-side analysts anticipate that Antofagasta plc will post 87.0403995 EPS for the current year.

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.