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

Antofagasta plc (OTCMKTS:ANFGF) has been given an average rating of “Reduce” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company.

Several research analysts have weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of Antofagasta in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Thursday, July 2nd. Citigroup raised shares of Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Finally, Scotiabank restated a “sector perform” rating on shares of Antofagasta in a research report on Monday, June 15th.

Antofagasta Stock Down 3.9%

ANFGF stock opened at $50.56 on Friday. The business has a 50 day moving average of $51.82 and a 200-day moving average of $51.78. Antofagasta has a 12-month low of $30.20 and a 12-month 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.