Antofagasta (OTCMKTS:ANFGF) Trading Up 1.3% – Here’s Why

Antofagasta plc (OTCMKTS:ANFGF) rose 1.3% during trading on Thursday . The company traded as high as $50.0936 and last traded at $49.63. Approximately 2,508 shares changed hands during trading, a decline of 60% from the average daily volume of 6,313 shares. The stock had previously closed at $48.98.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ANFGF. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a research report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Antofagasta in a research report on Thursday, April 23rd. JPMorgan Chase & Co. cut shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Berenberg Bank downgraded shares of Antofagasta from a “buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Antofagasta has a consensus rating of “Hold”.

Antofagasta Stock Performance

The firm has a 50 day moving average of $53.39 and a 200-day moving average of $50.03.

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.