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 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

ANTO has been the topic of several recent research reports. Citigroup dropped 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 note on Thursday, December 12th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Antofagasta in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,065 ($25.52) price objective on shares of Antofagasta in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 2,013.13 ($24.88).

Antofagasta Stock Performance

The company has a current ratio of 2.14, a quick ratio of 2.78 and a debt-to-equity ratio of 47.84. The firm has a market capitalization of £18.03 billion, a price-to-earnings ratio of 3,099.15, a PEG ratio of -1.08 and a beta of 1.00. The stock’s 50 day moving average price is GBX 1,691.02 and its two-hundred day moving average price is GBX 1,784.62.

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.