Published on 20 Jul 2024 on Simply Wall St. · via Yahoo Finance
Is Antofagasta plc's (LON:ANTO) Stock's Recent Performance A Reflection Of Its...
Antofagasta's (LON:ANTO) stock up by 1.5% over the past week. Since the market usually pay for a company’s long-term financial health, we decided to study the company’s fundamentals to see if they could be influencing the market. In this article, we decided to focus on Antofagasta's ROE.
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. Put another way, it reveals the company's success at turning shareholder investments into profits.