Antofagasta (LON:ANTO) Hits New 52-Week 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)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 2,272 ($30.61) and last traded at GBX 2,266 ($30.53), with a volume of 3066908 shares. The stock had previously closed at GBX 2,230 ($30.05).

Analyst Upgrades and Downgrades

ANTO has been the topic of several analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,700 target price on shares of Antofagasta in a report on Thursday, July 24th. Citigroup reaffirmed a "buy" rating and issued 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 issued a GBX 2,500 price target on shares of Antofagasta in a research report on Friday, August 15th. Berenberg Bank lifted their price target on Antofagasta from GBX 2,100 to GBX 2,200 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Antofagasta from GBX 1,950 to GBX 2,000 and gave the stock a "hold" rating in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Antofagasta currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,137.50.

Antofagasta Price Performance

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 cap of £22.89 billion, a P/E ratio of 2,097.64, a P/E/G ratio of -1.08 and a beta of 1.00. The firm's fifty day simple moving average is GBX 2,075.22 and its 200 day simple moving average is GBX 1,859.32.

About Antofagasta

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.