Antofagasta (LON:ANTO) Trading Down 10.7% – Time to Sell?

Antofagasta plc (LON:ANTO) shares dropped 10.7% during mid-day trading on Friday . The company traded as low as GBX 3,810 and last traded at GBX 3,810. Approximately 1,484,032 shares changed hands during trading, a decline of 88% from the average daily volume of 12,750,805 shares. The stock had previously closed at GBX 4,267.

Wall Street Analysts Forecast Growth

ANTO has been the subject of a number of recent research reports. Citigroup raised their price target on shares of Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a research report on Friday, April 24th. Canaccord Genuity Group lowered shares of Antofagasta to a “hold” rating and raised their price target for the stock from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. Berenberg Bank reissued a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 2,800 price target on shares of Antofagasta in a research report on Friday, April 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of GBX 3,493.75.

Antofagasta Stock Performance

The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 74.56. The stock has a market capitalization of £37.75 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of -1.08 and a beta of 1.35. The firm’s fifty day moving average price is GBX 3,662.95 and its two-hundred day moving average price is GBX 3,419.32.

Antofagasta (LON:ANTO) last posted its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a net margin of 15.90% and a return on equity of 10.67%. As a group, equities research analysts forecast that Antofagasta plc will post 87.0403995 EPS for the current year.

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.