Antofagasta (LON:ANTO) Sets New 1-Year High – Here’s Why

Antofagasta plc (LON:ANTO)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 3,682 and last traded at GBX 3,670, with a volume of 16617932 shares traded. The stock had previously closed at GBX 3,562.30.

Analyst Ratings Changes

ANTO has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Antofagasta from GBX 3,400 to GBX 3,500 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,700 price target on shares of Antofagasta in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Antofagasta from GBX 2,300 to GBX 2,400 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,900 price objective on shares of Antofagasta in a report on Friday, November 7th. Finally, Canaccord Genuity Group upped their price objective on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,827.50.

Antofagasta Trading Down 1.3%

The company has a fifty day moving average of GBX 3,174.28 and a 200-day moving average of GBX 2,650.47. The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 65.33. The company has a market capitalization of £36.53 billion, a price-to-earnings ratio of 33.48, a PEG ratio of -1.08 and a beta of 1.00.

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.