Antofagasta (OTCMKTS:ANFGF) Shares Up 2.8% – What’s Next?

Antofagasta plc (OTCMKTS:ANFGF) traded up 2.8% on Thursday . The company traded as high as $39.89 and last traded at $39.83. 8,368 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 8,005 shares. The stock had previously closed at $38.75.

Analyst Upgrades and Downgrades

ANFGF has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Antofagasta in a report on Friday, September 26th. Scotiabank cut Antofagasta from a “sector perform” rating to an “underperform” rating in a report on Wednesday, October 1st. Finally, Sanford C. Bernstein lowered Antofagasta to a “market perform” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Antofagasta Stock Up 2.8%

The business has a fifty day simple moving average of $36.59 and a 200-day simple moving average of $30.43.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.