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

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company.

ANFGF has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. UBS Group cut shares of Antofagasta from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Antofagasta from a “hold” rating to a “sell” rating in a report on Wednesday, January 7th.

Antofagasta Stock Up 2.3%

OTCMKTS ANFGF opened at $52.47 on Friday. The firm’s fifty day moving average price is $43.65 and its two-hundred day moving average price is $36.10. Antofagasta has a 1 year low of $17.45 and a 1 year high of $57.64.

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.