Antofagasta plc (OTCMKTS:ANFGF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Antofagasta plc (OTCMKTS:ANFGF) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company.

A number of research firms recently weighed in on ANFGF. UBS Group lowered shares of Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. The Goldman Sachs Group upgraded Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Citigroup reiterated a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th.

Antofagasta Stock Performance

ANFGF opened at $58.50 on Tuesday. Antofagasta has a 1-year low of $17.45 and a 1-year high of $61.72. The company’s fifty day moving average price is $49.97 and its two-hundred day moving average price is $40.33.

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.