Antofagasta plc (LON:ANTO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $916.19 and traded as high as $1,033.50. Antofagasta shares last traded at $1,023.50, with a volume of 1,476,562 shares trading hands.
A number of equities research analysts recently weighed in on the stock. Peel Hunt restated a “hold” rating and set a GBX 1,110 ($14.50) price objective (up from GBX 965 ($12.61)) on shares of Antofagasta in a research note on Wednesday, July 22nd. Jefferies Financial Group lifted their target price on Antofagasta from GBX 950 ($12.41) to GBX 1,000 ($13.07) and gave the stock a “hold” rating in a report on Wednesday, July 8th. Royal Bank of Canada lifted their target price on Antofagasta from GBX 600 ($7.84) to GBX 820 ($10.71) and gave the stock an “underperform” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on Antofagasta from GBX 700 ($9.15) to GBX 860 ($11.24) and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Finally, Deutsche Bank lifted their target price on Antofagasta from GBX 860 ($11.24) to GBX 870 ($11.37) and gave the stock a “hold” rating in a report on Monday, July 13th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 917.69 ($11.99).
The company has a debt-to-equity ratio of 27.47, a current ratio of 2.34 and a quick ratio of 1.99. The firm has a market cap of $9.87 billion and a price-to-earnings ratio of 29.54. The firm has a 50 day moving average price of GBX 1,082.09 and a 200-day moving average price of GBX 917.73.
The company also recently declared a dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.06 per share. This represents a dividend yield of 0.43%. The ex-dividend date was Thursday, September 3rd. Antofagasta’s dividend payout ratio (DPR) is presently 32.45%.
About Antofagasta (LON:ANTO)
Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company produces copper concentrates containing by-products, such as molybdenum, gold, and silver; and copper cathodes.
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