Antofagasta (LON:ANTO) Shares Cross Above 200-Day Moving Average – Should You Sell?

Antofagasta plc (LON:ANTOGet Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,776.47 and traded as high as GBX 3,983.47. Antofagasta shares last traded at GBX 3,931, with a volume of 257,742,375 shares.

Analyst Ratings Changes

ANTO has been the topic of a number of research reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 4,500 target price on shares of Antofagasta in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 3,100 price objective on shares of Antofagasta in a research note on Thursday, April 16th. Royal Bank Of Canada lowered shares of Antofagasta to an “underperform” rating and set a GBX 2,700 price objective on the stock. in a report on Monday, July 20th. JPMorgan Chase & Co. raised shares of Antofagasta to an “overweight” rating and boosted their price objective for the stock from GBX 3,400 to GBX 4,500 in a research note on Monday, July 6th. Finally, Citigroup upped their target price on Antofagasta from GBX 4,000 to GBX 4,300 and gave the stock a “buy” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 3,831.25.

Get Our Latest Stock Analysis on ANTO

Antofagasta Stock Down 1.9%

The firm has a market capitalization of £39.18 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of -1.08 and a beta of 1.41. The company has a debt-to-equity ratio of 74.56, a current ratio of 2.90 and a quick ratio of 2.78. The business has a fifty day moving average price of GBX 3,852.87 and a two-hundred day moving average price of GBX 3,779.18.

Antofagasta Company Profile

(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.

Further Reading

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