<ul class="list-ic vertical">
 <li><span>1</span> <a>ANTO stock price: The shares have experienced a deep downtrend since the start of February this year.</a></li>
 <li><span>2</span> <a>The company is managing its debt, neutralising any chance of solvency and liquidity issues</a></li>
 <li><span>3</span> <a>The current share price is trying to break the trendline, see the prediction below&nbsp;</a></li>
</ul>
<p>Antofagasta plc (LON: ANTO) has given a return of 51% over the past five years to its shareholders. The stock has outperformed the FTSE 100 during this period. Over these 5 years of continuous growth, the ANTO share price has achieved a compound earnings per share (EPS) growth of 15% per year, meaning that the returns have doubled every 4 and a half years.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-the-contributors-in-the-holding-period-return-strong"><strong>The Contributors in the Holding Period Return</strong></h2>
<p>This earnings per Share growth is more than the yearly share price gain of 9% over the same period. Along with that, the stock’s Price to Earnings (P.E) ratio of 11.68. One of the significant factors that contributed to this holding period return (HPR) was the dividends in the period.</p>
<p>ANTO stock has given regular dividends in the span of these 5 years. Last year, the company distributed 38% of the net profit as dividends. It resulted in a dividend per share of £0.49 and a dividend yield of 3.1%.</p>
<h3 class="wp-block-heading" id="strong-solvency-and-liquidity-in-the-company-strong"><strong>Solvency and Liquidity in the Company&nbsp;</strong></h3>
<p>One of the major perks of the company is its management of debt. Looking at the recent balance sheet gives us an accurate picture. The company has a low debt-to-equity ratio of 0.37, meaning it has 1.6 times more Reserves and shareholders capital than its debt of £2.3B. Liquidity ratios like the current ratio of 2.67 indicate that it has enough cash and equivalents to solve any liquidity issues.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-anto-share-price-strong"><strong>Technical Analysis and Prediction of ANTO Share Price</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/vSYna0Goy0CntoN1-J4Dy6EqPudkVKagPFCWTIylevoW6PeaGjqj0Wrzg-QVetbUOaEj4iJ4_zJlOoC2_IsJkKgNLWNhXagdKFfAvosVHVBLIyBA85WxK4KOPGnHtwuyRX8NmSUGmqUzmc5CjtY_ja0" alt="The Downtrend Continues in (LON: ANTO), Bulls With One Last Try">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3AANTO" rel="noopener noreferrer nofollow"> TradingView</a>(Daily time frame)
  </figcaption>
 </figure>
</div>
<p>At the time of writing, the ANTO share <a href="https://www.thecoinrepublic.com/2023/09/13/iag-stock-price-half-yearly-reports-overwhelm-the-investors/" rel="noopener noreferrer nofollow">price </a>is continuing its downtrend. This downtrend started in February of this year, and in July the bulls tried to break this trendline. However, this bullish rally was short-lived as the bears quickly reclaimed the resistance level of £1636.&nbsp;</p>
<p>The current price is trading at the £1447 level with an immediate resistance of £1521 and immediate support of £1521. The price is just at the trendline but the bears are again looking forward to reclaiming.&nbsp;</p>
<p>The 50-day exponential moving average is also rejecting the price levels. Therefore, The price prediction as per the current trend will be bearish until the bulls can sustain past the £1475 level.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Antofagasta plc (LON: ANTO) has given decent returns over the past 5 years with its dividends added. The company is managing its finances very well as reflected in the balance sheet. The current trend in the stock is negative and the prediction goes with the trend.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support: £1361, and £1280</p>
<p>Resistance: £1521, and £1636</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks comes with a risk of financial loss.</p>

The Downtrend Continues in (LON: ANTO), Bulls With One Last Try

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Thecoinrepublic.com

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