Antofagasta (LON:ANTO) Stock Price Passes Above Two Hundred Day Moving Average of $1,974.17

Antofagasta plc (LON:ANTO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,974.17 ($25.29) and traded as high as GBX 2,200 ($28.18). Antofagasta shares last traded at GBX 2,186 ($28.00), with a volume of 579,283 shares traded.

Analyst Upgrades and Downgrades

ANTO has been the subject of a number of recent research reports. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and lifted their target price for the company from GBX 1,925 ($24.66) to GBX 2,065 ($26.45) in a report on Friday, April 26th. Barclays decreased their target price on Antofagasta from GBX 1,725 ($22.10) to GBX 1,685 ($21.58) and set an “underweight” rating for the company in a report on Tuesday, May 7th. Bank of America restated a “buy” rating and issued a GBX 2,520 ($32.28) price target on shares of Antofagasta in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,500 ($19.21) price target on shares of Antofagasta in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. lifted their target price on Antofagasta from GBX 1,700 ($21.78) to GBX 1,850 ($23.70) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,833.75 ($23.49).

Antofagasta Price Performance

The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78. The firm has a market capitalization of £21.94 billion, a PE ratio of 3,320.90, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a 50-day moving average price of GBX 2,183.54 and a 200-day moving average price of GBX 1,979.25.

About Antofagasta

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.