Antofagasta (LON:ANTO) Sets New 1-Year High - Should You Buy?

Key Points

• Antofagasta plc shares reached a new 52-week high during trading, hitting GBX 2,272 ($30.81).
• Several analysts have revised their price targets for Antofagasta, with a consensus rating of "Moderate Buy" and an average target of GBX 2,137.50.
• The company has a strong debt-to-equity ratio of 65.33 and a robust current ratio of 2.14, reflecting its financial health.

Antofagasta plc (LON:ANTO - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,272 ($30.81) and last traded at GBX 2,266 ($30.73), with a volume of 3066908 shares. The stock had previously closed at GBX 2,230 ($30.24).

Analysts Set New Price Targets

ANTO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on Antofagasta from GBX 1,950 to GBX 2,000 and gave the company a "hold" rating in a report on Monday, August 4th. Citigroup restated a "buy" rating and set a GBX 2,300 price target on shares of Antofagasta in a report on Friday, August 15th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 2,500 price target on shares of Antofagasta in a report on Friday, August 15th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,700 price target on shares of Antofagasta in a report on Thursday, July 24th. Finally, Berenberg Bank increased their price target on Antofagasta from GBX 2,100 to GBX 2,200 and gave the company a "buy" rating in a report on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,137.50.

Antofagasta Trading Up 1.1%

The stock's fifty day moving average price is GBX 2,036.18 and its 200 day moving average price is GBX 1,842.02. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The stock has a market capitalization of £22.23 billion, a P/E ratio of 2,037.04, a PEG ratio of -1.08 and a beta of 1.00.

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.

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