Antofagasta (LON:ANTO) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Antofagasta's shares crossed above their 200‑day moving average (GBX 3,140.80), trading as high as GBX 3,374 and last at GBX 3,362 on volume of 31.7M shares.
• Analyst consensus is "Hold": The consensus rating is Hold with a target of GBX 2,992.86 (3 Buy, 3 Hold, 1 Sell), which is notably below the current share price.
• Fundamentals show a market cap of £33.14bn, P/E of 24.94 and last quarter EPS of GBX 129.30, with healthy liquidity (current ratio 2.90) but a relatively high debt‑to‑equity of 74.56.

Antofagasta plc (LON:ANTO - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,140.80 and traded as high as GBX 3,374. Antofagasta shares last traded at GBX 3,362, with a volume of 31,700,350 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ANTO shares. Morgan Stanley lowered shares of Antofagasta to an "underweight" rating and dropped their price target for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Antofagasta in a research note on Thursday, February 5th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,700 target price on shares of Antofagasta in a report on Wednesday, January 21st. Canaccord Genuity Group lowered shares of Antofagasta to a "hold" rating and boosted their target price for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a "hold" rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 2,992.86.

Antofagasta Stock Down 0.3%

The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The company has a market capitalization of £33.14 billion, a P/E ratio of 24.94, a PEG ratio of -1.08 and a beta of 1.29. The firm has a 50-day moving average price of GBX 3,743.30 and a two-hundred day moving average price of GBX 3,140.80.

Antofagasta (LON:ANTO - Get Free Report) last announced its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. Equities research analysts anticipate that Antofagasta plc will post 87.0403995 EPS for the current fiscal year.

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.

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