Antofagasta (LON:ANTO) Trading Down 10.7% – Should You Sell?

Antofagasta plc (LON:ANTO)’s stock price traded down 10.7% during mid-day trading on Friday . The stock traded as low as GBX 3,810 and last traded at GBX 3,810. 1,484,032 shares were traded during mid-day trading, a decline of 88% from the average session volume of 12,750,805 shares. The stock had previously closed at GBX 4,267.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 2,800 price target on shares of Antofagasta in a research report on Friday, April 10th. Citigroup raised their price target on Antofagasta from GBX 4,000 to GBX 4,300 and gave the company a “buy” rating in a research report on Friday, April 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,700 price target on shares of Antofagasta in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Antofagasta from GBX 3,100 to GBX 3,200 and gave the stock a “neutral” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of GBX 3,493.75.

Antofagasta Trading Down 10.3%

The firm has a market capitalization of £37.75 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of -1.08 and a beta of 1.35. The business has a 50-day moving average of GBX 3,658.63 and a two-hundred day moving average of GBX 3,422.19. The company has a quick ratio of 2.78, a current ratio of 2.90 and a debt-to-equity ratio of 74.56.

Antofagasta (LON:ANTO) last released its earnings results on Tuesday, February 17th. The mining company reported GBX 129.30 earnings per share for the quarter. Antofagasta had a return on equity of 10.67% and a net margin of 15.90%. 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.