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

Antofagasta plc (LON:ANTO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,745.38 ($23.41) and traded as high as GBX 1,859.50 ($24.94). Antofagasta shares last traded at GBX 1,821.50 ($24.43), with a volume of 551,376 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ANTO shares. JPMorgan Chase & Co. increased their price target on shares of Antofagasta from GBX 2,400 ($32.19) to GBX 2,500 ($33.53) and gave the company an "overweight" rating in a research report on Thursday, July 10th. Citigroup lifted their price target on Antofagasta from GBX 2,000 ($26.83) to GBX 2,200 ($29.51) and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 2,100 ($28.17) target price on shares of Antofagasta in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 2,185 ($29.31).

Antofagasta Trading Up 4.7%

The company has a market cap of £24.11 billion, a P/E ratio of 31.54, a PEG ratio of -1.08 and a beta of 1.00. The firm's 50 day moving average is GBX 1,824.25 and its two-hundred day moving average is GBX 1,749.33. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33.

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.