Antofagasta (LON:ANTO) Hits New 1-Year High – What’s Next?

Antofagasta plc (LON:ANTO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 4,192.31 and last traded at GBX 4,183, with a volume of 8580165 shares. The stock had previously closed at GBX 4,081.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ANTO shares. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and upped their target price for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised their target price on Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a report on Wednesday, November 26th. Morgan Stanley downgraded Antofagasta to an “underweight” rating and lowered their price target for the company from GBX 3,070 to GBX 3,050 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,900 price objective on shares of Antofagasta in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Stock Up 2.8%

The business’s 50-day moving average price is GBX 3,536.50 and its 200-day moving average price is GBX 2,896.16. The company has a quick ratio of 2.78, a current ratio of 2.14 and a debt-to-equity ratio of 65.33. The firm has a market capitalization of £41.37 billion, a PE ratio of 37.90, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00.

Antofagasta (LON:ANTO) last announced its quarterly earnings data on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share (EPS) for the quarter. Antofagasta had a return on equity of 8.52% and a net margin of 11.96%. As a group, equities research analysts predict that Antofagasta plc will post 87.0403995 EPS for the current fiscal year.

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.