Antofagasta plc (LON:ANTO - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,707.97 ($22.99) and traded as high as GBX 1,797.50 ($24.19). Antofagasta shares last traded at GBX 1,797.09 ($24.19), with a volume of 845,883 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ANTO. Berenberg Bank restated a "buy" rating and issued a GBX 2,100 ($28.26) price objective on shares of Antofagasta in a report on Wednesday, April 16th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 2,400 ($32.30) price objective on shares of Antofagasta in a research report on Friday, March 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,125 ($28.60) price target on shares of Antofagasta in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Antofagasta presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,244.29 ($30.21).
Get Our Latest Stock Report on ANTO
Antofagasta Stock Down 0.4%
The company has a market capitalization of £21.81 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The firm's 50 day moving average price is GBX 1,662.28 and its two-hundred day moving average price is GBX 1,708.28. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33.
About Antofagasta
(
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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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