Antofagasta (LON:ANTO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Antofagasta plc (LON:ANTO)’s stock price 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.

Wall Street Analyst Weigh In

ANTO has been the topic of several research analyst reports. Citigroup dropped their price objective on Antofagasta from GBX 2,800 ($36.15) to GBX 2,500 ($32.28) and set a “buy” rating on the stock in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,125 ($27.44) price target on shares of Antofagasta in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,400 ($30.99) price objective on shares of Antofagasta in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 2,185 ($28.21).

Antofagasta Stock Performance

The business’s fifty day moving average price is GBX 1,781.99 and its 200-day moving average price is GBX 1,766.17. The company has a debt-to-equity ratio of 65.33, a current ratio of 2.14 and a quick ratio of 2.78. The stock has a market capitalization of £22.39 billion, a PE ratio of 29.30, a P/E/G ratio of -1.08 and a beta of 1.00.

Antofagasta Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 12th. Shareholders of record on Thursday, April 17th will be paid a $0.24 dividend. The ex-dividend date is Thursday, April 17th. This is a boost from Antofagasta’s previous dividend of $0.08. This represents a yield of 0.93%. Antofagasta’s dividend payout ratio is currently 41.91%.

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.