Antofagasta (LON:ANTO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Antofagasta plc (LON:ANTO) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,813.30 and traded as high as GBX 3,931. Antofagasta shares last traded at GBX 3,898, with a volume of 374,350 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ANTO shares. Berenberg Bank reiterated a “hold” rating and set a GBX 4,400 price target on shares of Antofagasta in a research note on Friday, August 14th. JPMorgan Chase & Co. lowered their price objective on Antofagasta from GBX 4,500 to GBX 4,300 and set an “overweight” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada lowered Antofagasta to an “underperform” rating and set a GBX 2,700 target price on the stock. in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 3,400 target price on shares of Antofagasta in a research report on Friday, August 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 4,500 price target on shares of Antofagasta in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of GBX 3,843.75.

Antofagasta Trading Down 0.4%

The company has a debt-to-equity ratio of 75.57, a current ratio of 2.58 and a quick ratio of 2.78. The firm’s fifty day moving average is GBX 3,794.15 and its two-hundred day moving average is GBX 3,813.30. The firm has a market capitalization of £38.43 billion, a PE ratio of 23.23, a PEG ratio of -1.08 and a beta of 1.41.

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.