Antofagasta (LON:ANTO) Trading Up 10.6% – What’s Next?

Shares of Antofagasta plc (LON:ANTO) were up 10.6% on Thursday . The stock traded as high as GBX 4,000 and last traded at GBX 4,000. Approximately 1,451,307 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

Wall Street Analysts Forecast Growth

ANTO has been the subject of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Berenberg Bank reissued a “buy” rating and set a GBX 2,900 target price on shares of Antofagasta in a research report on Friday, November 7th. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and boosted their price target for the company from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and dropped their price objective for the company from GBX 3,070 to GBX 3,050 in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price objective on shares of Antofagasta in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,992.86.

Antofagasta Stock Up 3.0%

The business’s fifty day moving average price is GBX 3,515.68 and its two-hundred day moving average price is GBX 2,868.27. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. The firm has a market capitalization of £39.36 billion, a P/E ratio of 36.06, a PEG ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last posted its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. Equities analysts expect that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal 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.