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

Antofagasta plc (OTCMKTS:ANFGF) has been assigned an average recommendation of “Reduce” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company.

Several research firms recently commented on ANFGF. Oddo Bhf assumed coverage on Antofagasta in a research note on Wednesday, April 15th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered shares of Antofagasta from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Royal Bank Of Canada cut shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 20th. Finally, Berenberg Bank downgraded shares of Antofagasta from a “buy” rating to a “hold” rating in a report on Thursday, April 16th.

Antofagasta Stock Down 0.9%

Shares of Antofagasta stock opened at $52.94 on Friday. Antofagasta has a twelve month low of $22.81 and a twelve month high of $61.72. The firm’s 50-day moving average price is $49.79 and its 200 day moving average price is $45.59.

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.