Antofagasta plc (OTCMKTS:ANFGF) Receives Average Rating of “Reduce” from Analysts

Antofagasta plc (OTCMKTS:ANFGF) has been assigned an average recommendation of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company.

ANFGF has been the subject of a number of research analyst reports. Royal Bank Of Canada cut shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a research report on Friday, May 15th. Berenberg Bank cut shares of Antofagasta from a “buy” rating to a “hold” rating in a research report on Thursday, April 16th. Oddo Bhf started coverage on shares of Antofagasta in a research report on Wednesday, April 15th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. cut shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th.

Antofagasta Stock Performance

OTCMKTS:ANFGF opened at $53.12 on Thursday. The company has a fifty day moving average of $52.24 and a two-hundred day moving average of $48.75. Antofagasta has a fifty-two week low of $22.81 and a fifty-two week high of $61.72.

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.