Antofagasta (LON:ANTO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Antofagasta plc (LON:ANTO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,784.62 ($22.05) and traded as high as GBX 1,863.50 ($23.03). Antofagasta shares last traded at GBX 1,835.50 ($22.68), with a volume of 686,267 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Antofagasta in a research report on Friday, November 22nd. Citigroup decreased their price objective on shares of Antofagasta from GBX 2,800 ($34.60) to GBX 2,500 ($30.89) and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,065 ($25.52) price objective on shares of Antofagasta in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Antofagasta presently has an average rating of “Hold” and an average price target of GBX 2,013.13 ($24.88).

Antofagasta Stock Performance

The company has a market capitalization of £18.03 billion, a PE ratio of 3,099.15, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 47.84, a quick ratio of 2.78 and a current ratio of 2.14. The stock’s fifty day simple moving average is GBX 1,691.02 and its 200-day simple moving average is GBX 1,784.62.

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.