Antofagasta (LON:ANTO) Reaches New 52-Week High – Here’s What Happened

Antofagasta plc (LON:ANTO)’s stock price hit 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 traded. The stock had previously closed at GBX 4,081.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ANTO shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a research note on Wednesday, January 21st. Berenberg Bank restated a “buy” rating and set a GBX 2,900 price target on shares of Antofagasta in a research report on Friday, November 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Antofagasta in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft increased their price target on Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Finally, Canaccord Genuity Group cut Antofagasta to a “hold” rating and boosted their price objective for the company from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. Three 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. According to data from MarketBeat.com, Antofagasta has an average rating of “Hold” and an average target price of GBX 2,992.86.

Antofagasta Stock Up 2.8%

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

Antofagasta (LON:ANTO) last posted its quarterly earnings results 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 analysts predict that Antofagasta plc will post 87.0403995 earnings per share for the current fiscal 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.