Antofagasta (LON:ANTO) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Antofagasta plc (LON:ANTO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,765.32 ($22.87) and traded as high as GBX 1,813.05 ($23.49). Antofagasta shares last traded at GBX 1,808.50 ($23.43), with a volume of 5,165,578 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANTO. Citigroup reduced their price target on shares of Antofagasta from GBX 2,800 ($36.27) to GBX 2,500 ($32.38) and set a “buy” rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,400 ($31.09) price target on shares of Antofagasta in a report on Thursday, March 6th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,125 ($27.53) price target on shares of Antofagasta in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Antofagasta presently has an average rating of “Hold” and an average price target of GBX 2,185 ($28.30).

Antofagasta Price Performance

The stock has a market capitalization of £22.28 billion, a price-to-earnings ratio of 29.15, a PEG ratio of -1.08 and a beta of 1.00. The business’s fifty day moving average price is GBX 1,750.19 and its 200-day moving average price is GBX 1,765.32. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

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.