Antofagasta plc (OTCMKTS:ANFGF) Given Average Recommendation of “Reduce” by Analysts

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been given an average rating of “Reduce” by the eight analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company.

A number of equities analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. UBS Group cut Antofagasta from a “buy” rating to a “neutral” rating in a research report on Friday, January 30th. Royal Bank Of Canada lowered Antofagasta from a “sector perform” rating to an “underperform” rating in a report on Friday. The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th.

Antofagasta Price Performance

Shares of ANFGF opened at $41.70 on Friday. The firm has a 50-day moving average of $51.07 and a 200-day moving average of $42.13. Antofagasta has a one year low of $17.45 and a one year high of $61.72.

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.