Morgan Stanley Cuts Antofagasta (OTCMKTS:ANFGF) Price Target to GBX 1,370

Antofagasta (OTCMKTS:ANFGFGet Rating) had its price objective cut by equities research analysts at Morgan Stanley from GBX 1,500 ($19.52) to GBX 1,370 ($17.82) in a research note issued on Monday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Antofagasta from GBX 1,560 ($20.30) to GBX 1,550 ($20.17) in a research report on Friday. Scotiabank lifted their price objective on shares of Antofagasta from GBX 1,600 ($20.82) to GBX 1,700 ($22.12) in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,500 ($19.52) price objective (up from GBX 1,300 ($16.91)) on shares of Antofagasta in a research report on Tuesday, April 5th. Barclays upgraded shares of Antofagasta from an “underweight” rating to an “overweight” rating in a research report on Friday, February 11th. Finally, Jefferies Financial Group lifted their target price on shares of Antofagasta from GBX 1,750 ($22.77) to GBX 1,950 ($25.37) in a research note on Wednesday, March 9th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,485.56.

OTCMKTS ANFGF traded up $0.04 on Monday, hitting $19.46. 104 shares of the stock were exchanged, compared to its average volume of 2,061. Antofagasta has a 52-week low of $16.50 and a 52-week high of $27.80. The company’s 50-day moving average price is $21.16 and its two-hundred day moving average price is $19.63.

About Antofagasta (Get Rating)

Antofagasta plc operates in the mining business. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 50% interest in the Zaldívar mine, and a 70% interest in the Antucoya mine located in Chile.

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