Antofagasta (LON:ANTO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Antofagasta plc (LON:ANTO - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,734.50 ($23.58) and traded as high as GBX 1,936 ($26.32). Antofagasta shares last traded at GBX 1,919.50 ($26.09), with a volume of 889,333 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 2,400 ($32.63) price objective on shares of Antofagasta in a research report on Friday, March 28th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,100 ($28.55) price objective on shares of Antofagasta in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,198.33 ($29.88).

Antofagasta Trading Down 2.9%

The firm has a market cap of £22.97 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The company's fifty day moving average price is GBX 1,798.71 and its two-hundred day moving average price is GBX 1,734.50.

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.