Antofagasta (LON:ANTO) Trading 6.5% Higher – Time to Buy?

Shares of Antofagasta plc (LON:ANTO – Get Free Report) traded up 6.5% on Tuesday . The company traded as high as GBX 4,420 and last traded at GBX 4,408. 2,527,216 shares traded hands during trading, a decline of 83% from the average session volume of 14,827,235 shares. The stock had previously closed at GBX 4,140.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 2,800 price objective on shares of Antofagasta in a report on Friday, April 10th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,700 price objective on shares of Antofagasta in a report on Thursday, April 16th. Citigroup upped their price objective on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and upped their price objective for the stock from GBX 3,165 to GBX 4,100 in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 3,100 target price on shares of Antofagasta in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Antofagasta currently has an average rating of “Reduce” and a consensus price target of GBX 3,518.75.

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Antofagasta Price Performance

The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56. The company has a market cap of £43.46 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of -1.08 and a beta of 1.35. The company has a fifty day simple moving average of GBX 3,726.99 and a two-hundred day simple moving average of GBX 3,520.88.

About Antofagasta

(Get Free Report)

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.

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