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

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

A number of research analysts have recently commented on ANFGF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Antofagasta in a research report on Monday, June 15th. Morgan Stanley reissued an “underweight” rating on shares of Antofagasta in a report on Wednesday, July 8th. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd.

Antofagasta Price Performance

Shares of OTCMKTS ANFGF opened at $50.56 on Friday. The stock has a fifty day simple moving average of $51.82 and a two-hundred day simple moving average of $51.78. Antofagasta has a 1-year low of $30.20 and a 1-year high of $61.72.

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.