Published on 27 Jan 2024 on Simply Wall St. via Yahoo Finance
Antofagasta plc's (LON:ANTO) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that Antofagasta's (LON:ANTO) stock increased significantly by 27% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. Specifically, we decided to study Antofagasta's ROE in this article.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for Antofagasta