Antofagasta (LON:ANTO) Trading 10.6% Higher – Here’s What Happened

Antofagasta plc (LON:ANTO) rose 10.6% during trading on Thursday . The company traded as high as GBX 4,000 and last traded at GBX 4,000. Approximately 1,451,307 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 17,376,244 shares. The stock had previously closed at GBX 3,617.

Wall Street Analyst Weigh In

ANTO has been the topic of a number of recent research reports. Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and lifted their price target for the stock from GBX 3,165 to GBX 4,100 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the company a “hold” rating in a research report on Wednesday, November 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,900 target price on shares of Antofagasta in a research note on Friday, November 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price target on shares of Antofagasta in a research report on Wednesday, January 21st. Three 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, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,992.86.

Antofagasta Stock Up 3.0%

The stock has a market capitalization of £39.36 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The firm has a 50 day simple moving average of GBX 3,515.68 and a 200-day simple moving average of GBX 2,868.27. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78.

Antofagasta (LON:ANTO) last issued its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 EPS for the quarter. Antofagasta had a net margin of 11.96% and a return on equity of 8.52%. On average, sell-side analysts forecast that Antofagasta plc will post 87.0403995 EPS 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.