Antofagasta (LON:ANTO) Shares Pass Above 200-Day Moving Average of $1,915.25

Shares of Antofagasta plc (LON:ANTO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,915.25 ($24.34) and traded as high as GBX 2,070 ($26.30). Antofagasta shares last traded at GBX 2,057 ($26.14), with a volume of 1,367,005 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on ANTO shares. Barclays cut their target price on Antofagasta from GBX 1,725 ($21.92) to GBX 1,685 ($21.41) and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and increased their target price for the stock from GBX 1,925 ($24.46) to GBX 2,065 ($26.24) in a research note on Friday, April 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,700 ($21.60) target price on shares of Antofagasta in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,500 ($19.06) price target on shares of Antofagasta in a research note on Thursday, April 18th. Finally, Bank of America reissued a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Antofagasta currently has an average rating of “Hold” and a consensus price target of GBX 1,686.25 ($21.43).

Antofagasta Stock Performance

The firm’s 50-day simple moving average is GBX 2,209.72 and its two-hundred day simple moving average is GBX 1,915.25. The company has a market cap of £20.28 billion, a PE ratio of 3,070.15, a P/E/G ratio of -1.08 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86.

Antofagasta Company Profile

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.