Antofagasta plc (OTCMKTS:ANFGF) Given Consensus Recommendation of “Hold” by Analysts

Shares of Antofagasta plc (OTCMKTS:ANFGF) have earned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages recently weighed in on ANFGF. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. The Goldman Sachs Group upgraded shares of Antofagasta from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. Finally, UBS Group downgraded shares of Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th.

Antofagasta Stock Down 4.6%

OTCMKTS:ANFGF opened at $48.49 on Friday. Antofagasta has a twelve month low of $17.45 and a twelve month high of $57.64. The stock’s 50 day moving average price is $45.16 and its two-hundred day moving average price is $36.98.

About Antofagasta

Antofagasta PLC, trading on the London Stock Exchange and as ADRs on the OTC market under the symbol ANFGF, is a leading Chilean copper producer with integrated exploration and mining operations. Headquartered in Santiago, Chile, the company focuses on the extraction, processing and sale of copper concentrates, cathodes and related by-products such as molybdenum. Its core assets include the Los Pelambres, Centinela, Antucoya and Zaldivar mines, which leverage advanced technologies and large-scale infrastructure to optimise productivity and resource recovery.

Founded in the late nineteenth century as a regional railway operator, Antofagasta has transitioned into a global mining group with a diversified portfolio of operations and investments.