Antofagasta (LON:ANTO) Reaches New 1-Year High - Here's What Happened

Key Points

• Antofagasta plc shares hit a new 52-week high at GBX 2,112 ($28.51), indicating strong trading performance with a volume of over 4 million shares.
• Analysts have issued a consensus rating of "Moderate Buy" for Antofagasta, with price targets ranging from GBX 1,700 ($22.95) to GBX 2,500 ($33.75).
• The company's market capitalization stands at approximately £26.02 billion, along with significant metrics such as a PE ratio of 34.05 and a debt-to-equity ratio of 65.33.

Antofagasta plc (LON:ANTO - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 2,112 ($28.63) and last traded at GBX 2,109 ($28.58), with a volume of 4000585 shares trading hands. The stock had previously closed at GBX 2,078 ($28.16).

Analyst Ratings Changes

A number of equities analysts have recently commented on ANTO shares. Citigroup reissued a "buy" rating and issued a GBX 2,300 ($31.17) price target on shares of Antofagasta in a report on Friday. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 2,500 ($33.88) price objective on shares of Antofagasta in a report on Friday. Berenberg Bank boosted their price target on shares of Antofagasta from GBX 2,100 ($28.46) to GBX 2,200 ($29.82) and gave the stock a "buy" rating in a research note on Thursday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 1,700 ($23.04) price objective on shares of Antofagasta in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Antofagasta from GBX 1,950 ($26.43) to GBX 2,000 ($27.11) and gave the stock a "hold" rating in a research note on Monday, August 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,137.50 ($28.97).

Antofagasta Price Performance

The company has a market cap of £26.14 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The business has a 50 day moving average of GBX 1,893.33 and a 200 day moving average of GBX 1,786.37. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.