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

Antofagasta plc (LON:ANTO)’s stock price crossed 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 Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,700 ($21.00) price objective on shares of Antofagasta in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,500 ($18.53) price objective on shares of Antofagasta in a report on Thursday, April 18th. Bank of America reiterated a “buy” rating on shares of Antofagasta in a report on Thursday, April 11th. Canaccord Genuity Group lowered Antofagasta to a “hold” rating and lifted their target price for the company from GBX 1,925 ($23.78) to GBX 2,065 ($25.51) in a research report on Friday. Finally, Citigroup reissued a “buy” rating and issued a GBX 2,100 ($25.94) target price on shares of Antofagasta in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 1,663.89 ($20.55).

Antofagasta Price Performance

The stock has a market cap of £22.23 billion, a price-to-earnings ratio of 3,365.67, a price-to-earnings-growth ratio of -1.08 and a beta of 1.12. The company has a 50-day simple moving average of GBX 1,992.20 and a two-hundred day simple moving average of GBX 1,686.07. The company has a debt-to-equity ratio of 33.86, a quick ratio of 2.78 and a current ratio of 2.37.

Antofagasta Increases Dividend

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

About Antofagasta

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.