Antofagasta (LON:ANTO) Stock Crosses Above 200-Day Moving Average of $1,974.17

Antofagasta plc (LON:ANTO - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,974.17 ($25.29) and traded as high as GBX 2,200 ($28.18). Antofagasta shares last traded at GBX 2,186 ($28.00), with a volume of 579,283 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Antofagasta from GBX 1,700 ($21.78) to GBX 1,850 ($23.70) and gave the stock an "underweight" rating in a research note on Wednesday, July 3rd. Canaccord Genuity Group lowered Antofagasta to a "hold" rating and upped their target price for the stock from GBX 1,925 ($24.66) to GBX 2,065 ($26.45) in a research report on Friday, April 26th. Bank of America reaffirmed a "buy" rating and issued a GBX 2,520 ($32.28) target price on shares of Antofagasta in a research report on Wednesday, June 26th. Barclays dropped their target price on Antofagasta from GBX 1,725 ($22.10) to GBX 1,685 ($21.58) and set an "underweight" rating on the stock in a research report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,500 ($19.21) target price on shares of Antofagasta in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 1,833.75 ($23.49).

Antofagasta Price Performance

The company has a current ratio of 2.37, a quick ratio of 2.78 and a debt-to-equity ratio of 33.86. The company has a 50 day moving average price of GBX 2,181.88 and a 200 day moving average price of GBX 1,974.17. The company has a market capitalization of £21.51 billion, a price-to-earnings ratio of 3,256.72, a PEG ratio of -1.08 and a beta of 1.12.

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.