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

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received an average recommendation of “Reduce” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.

ANFGF has been the topic of several analyst reports. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Scotiabank reaffirmed a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th. Morgan Stanley reiterated an “underweight” rating on shares of Antofagasta in a research note on Wednesday, July 8th. Oddo Bhf initiated coverage on Antofagasta in a research note on Wednesday, April 15th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research report on Thursday, July 2nd.

Antofagasta Trading Down 2.9%

Shares of OTCMKTS:ANFGF opened at $49.07 on Friday. Antofagasta has a 52 week low of $25.30 and a 52 week high of $61.72. The firm’s fifty day moving average is $52.67 and its 200-day moving average is $51.12.

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.