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

Shares of Antofagasta plc (LON:ANTO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,765.32 ($22.83) and traded as high as GBX 1,813.05 ($23.45). Antofagasta shares last traded at GBX 1,808.50 ($23.39), with a volume of 5,165,578 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ANTO shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,125 ($27.49) price objective on shares of Antofagasta in a research note on Monday, March 3rd. Citigroup dropped their target price on shares of Antofagasta from GBX 2,800 ($36.22) to GBX 2,500 ($32.34) and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,400 ($31.04) target price on shares of Antofagasta in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Antofagasta currently has an average rating of “Hold” and an average price target of GBX 2,185 ($28.26).

Antofagasta Stock Up 2.4 %

The stock has a market cap of £22.81 billion, a P/E ratio of 29.85, a P/E/G 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 firm’s fifty day moving average is GBX 1,754.08 and its 200 day moving average is GBX 1,765.09.

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.