Antofagasta (LON:ANTO) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Antofagasta plc (LON:ANTO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,766.17 ($22.80) and traded as high as GBX 1,885.50 ($24.34). Antofagasta shares last traded at GBX 1,817.50 ($23.47), with a volume of 2,640,067 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,125 ($27.44) target price on shares of Antofagasta in a research report on Monday, March 3rd. Citigroup dropped their price objective on shares of Antofagasta from GBX 2,800 ($36.15) to GBX 2,500 ($32.28) and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,400 ($30.99) price objective on shares of Antofagasta in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 2,185 ($28.21).

Antofagasta Price Performance

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 firm’s 50-day moving average price is GBX 1,781.99 and its 200-day moving average price is GBX 1,765.38. The stock has a market capitalization of £22.39 billion, a PE ratio of 29.30, a PEG ratio of -1.08 and a beta of 1.00.

Antofagasta Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, April 17th. This is an increase from Antofagasta’s previous dividend of $0.08. This represents a yield of 0.93%. Antofagasta’s dividend payout ratio is 41.91%.

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.