Antofagasta (LON:ANTO) Stock Crosses Above Two Hundred Day Moving Average of $1,682.29

Shares of Antofagasta plc (LON:ANTO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,682.29 ($20.78) and traded as high as GBX 2,270 ($28.04). Antofagasta shares last traded at GBX 2,227 ($27.51), with a volume of 1,145,466 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ANTO shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 1,700 ($21.00) price target on shares of Antofagasta in a research note on Thursday, April 18th. Bank of America restated a “buy” rating on shares of Antofagasta in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,500 ($18.53) target price on shares of Antofagasta in a research report on Thursday, April 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,550 ($19.15) target price on shares of Antofagasta in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group lowered Antofagasta to a “hold” rating and upped their target price for the company from GBX 1,925 ($23.78) to GBX 2,065 ($25.51) in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Antofagasta presently has an average rating of “Hold” and a consensus price target of GBX 1,663.89 ($20.55).

Antofagasta Trading Up 1.3 %

The firm has a fifty day simple moving average of GBX 1,992.20 and a 200-day simple moving average of GBX 1,686.07. The firm has a market cap of £22.23 billion, a P/E ratio of 3,365.67, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 33.86, a current ratio of 2.37 and a quick ratio of 2.78.

Antofagasta Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.09%. This is a positive change from Antofagasta’s previous dividend of $0.12. Antofagasta’s dividend payout ratio is presently 4,328.36%.

Antofagasta Company Profile

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.