Antofagasta (OTCMKTS:ANFGF) Upgraded to “Sector Perform” at Royal Bank of Canada

Antofagasta (OTCMKTS:ANFGFGet Rating) was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a report issued on Friday, The Fly reports.

ANFGF has been the topic of a number of other reports. Credit Suisse Group started coverage on shares of Antofagasta in a research note on Wednesday, July 6th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Antofagasta from GBX 1,320 ($15.90) to GBX 1,250 ($15.06) in a report on Monday, July 18th. Morgan Stanley dropped their price objective on shares of Antofagasta from GBX 1,370 ($16.51) to GBX 1,320 ($15.90) in a report on Tuesday, July 19th. Scotiabank dropped their price objective on shares of Antofagasta from GBX 1,500 ($18.07) to GBX 1,300 ($15.66) in a report on Thursday, July 7th. Finally, UBS Group lowered their price target on shares of Antofagasta from GBX 1,450 ($17.47) to GBX 1,400 ($16.87) in a research note on Friday, April 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,347.50.

Antofagasta Price Performance

ANFGF opened at $14.38 on Friday. Antofagasta has a one year low of $11.69 and a one year high of $23.45. The company’s 50 day simple moving average is $15.33 and its 200-day simple moving average is $18.26.

Antofagasta Company Profile

(Get Rating)

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

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Analyst Recommendations for Antofagasta (OTCMKTS:ANFGF)

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