What’s Antofagasta plc Downside After Today’s Huge Decline?

 What's Antofagasta plc Downside After Today's Huge Decline?

The stock of Antofagasta plc (LON:ANTO) is a huge mover today! The stock increased 0.73% or GBX 5.12 on November 30, hitting GBX 705.12. About 4.92M shares traded hands or 15.49% up from the average. Antofagasta plc (LON:ANTO) has risen 58.25% since May 4, 2016 and is uptrending. It has outperformed by 53.02% the S&P500.
The move comes after 6 months negative chart setup for the GBX 6.99B company. It was reported on Nov, 30 by Barchart.com. We have GBX 676.92 PT which if reached, will make LON:ANTO worth GBX 279.60M less.

Antofagasta plc (LON:ANTO) Ratings Coverage

Out of 29 analysts covering Antofagasta PLC (LON:ANTO), 4 rate it a “Buy”, 12 “Sell”, while 13 “Hold”. This means 14% are positive. Antofagasta PLC has been the topic of 260 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Bernstein on Tuesday, January 19 with “Outperform”. The stock has “Hold” rating given by Beaufort Securities on Wednesday, March 16. The stock of Antofagasta plc (LON:ANTO) has “Hold” rating given on Tuesday, March 15 by Canaccord Genuity. The rating was maintained by Deutsche Bank on Wednesday, June 22 with “Hold”. The rating was maintained by Goldman Sachs with “Sell” on Monday, October 12. The firm earned “Neutral” rating on Thursday, April 7 by JP Morgan. The company was maintained on Tuesday, August 25 by Canaccord Genuity. As per Monday, December 21, the company rating was maintained by Bernstein. The firm earned “Buy” rating on Wednesday, January 13 by Peel Hunt. The firm earned “Hold” rating on Thursday, June 9 by Canaccord Genuity.

Another recent and important Antofagasta plc (LON:ANTO) news was published by Bloomberg.com which published an article titled: “Years-Long Copper Glut Can Still Flush Out Deals for Antofagasta” on September 15, 2016.

Antofagasta plc is a copper mining company. The company has a market cap of 6.99 billion GBP. The Firm is engaged in by-product production and has interests in transport. It has a 3079.14 P/E ratio. The Company’s divisions include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.

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