Antofagasta plc (OTCMKTS:ANFGF) Receives Consensus Rating of “Reduce” from Brokerages

Antofagasta plc (OTCMKTS:ANFGF) has earned a consensus rating of “Reduce” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company.

A number of brokerages have recently commented on ANFGF. Scotiabank reiterated a “sector perform” rating on shares of Antofagasta in a report on Monday, June 15th. Morgan Stanley reaffirmed an “underweight” rating on shares of Antofagasta in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd. Finally, Citigroup raised shares of Antofagasta from a “buy” rating to an “overweight” rating in a research report on Monday, July 6th.

Antofagasta Stock Up 1.5%

OTCMKTS ANFGF opened at $50.65 on Tuesday. Antofagasta has a fifty-two week low of $28.29 and a fifty-two week high of $61.72. The firm’s fifty day moving average price is $51.64 and its two-hundred day moving average price is $51.54.

Antofagasta Company Profile

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.