Short Interest in Antofagasta plc (OTCMKTS:ANFGF) Rises By 25.1%

Antofagasta plc (OTCMKTS:ANFGF) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 947,858 shares, an increase of 25.1% from the February 26th total of 757,524 shares. Based on an average daily trading volume, of 9,359 shares, the short-interest ratio is presently 101.3 days.

Antofagasta Trading Down 5.7%

Shares of OTCMKTS ANFGF traded down $2.50 during mid-day trading on Monday, reaching $41.58. 2,570 shares of the company’s stock were exchanged, compared to its average volume of 6,797. The business has a fifty day simple moving average of $50.73 and a 200 day simple moving average of $42.85. Antofagasta has a twelve month low of $17.45 and a twelve month high of $61.72.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group cut Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lowered shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. The Goldman Sachs Group upgraded shares of Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada downgraded shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Antofagasta presently has an average rating of “Reduce”.

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.