Antofagasta plc (OTCMKTS:ANFGF) Given Average Rating of “Reduce” by Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have earned an average rating of “Reduce” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company.

Several analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Antofagasta in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut Antofagasta from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Oddo Bhf initiated coverage on Antofagasta in a research report on Wednesday, April 15th. They issued a “neutral” rating for the company. Berenberg Bank cut Antofagasta from a “buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, UBS Group lowered Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th.

Antofagasta Price Performance

Shares of ANFGF opened at $52.94 on Friday. Antofagasta has a 12-month low of $22.81 and a 12-month high of $61.72. The firm has a 50-day moving average price of $49.79 and a 200 day moving average price of $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.