Antofagasta (OTCMKTS:ANFGF) Stock Rating Lowered by Sanford C. Bernstein

Antofagasta (OTCMKTS:ANFGF – Get Rating) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports.

A number of other brokerages have also recently weighed in on ANFGF. Barclays reduced their price objective on Antofagasta from GBX 1,390 ($16.71) to GBX 1,350 ($16.23) in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Antofagasta from GBX 1,400 ($16.84) to GBX 1,450 ($17.44) in a report on Wednesday, February 22nd. Peel Hunt lowered Antofagasta from a “hold” rating to a “reduce” rating in a report on Friday, January 27th. JPMorgan Chase & Co. dropped their target price on Antofagasta from GBX 1,280 ($15.39) to GBX 1,260 ($15.15) in a report on Wednesday, February 22nd. Finally, Credit Suisse Group dropped their target price on Antofagasta from GBX 1,800 ($21.65) to GBX 1,700 ($20.44) in a report on Wednesday, February 22nd. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Antofagasta has an average rating of “Hold” and a consensus price target of $1,202.06.

Antofagasta Trading Down 1.3 %

Shares of OTCMKTS ANFGF opened at $18.73 on Thursday. Antofagasta has a twelve month low of $11.34 and a twelve month high of $23.45. The stock has a 50 day moving average of $20.26 and a two-hundred day moving average of $16.51.

Antofagasta Company Profile

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Antofagasta Plc is a holding company, which engages in copper mining, transport, and water distribution businesses. It operates through the following segments: Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, Corporate and Other Items, and Transport Division. The Los Pelambres segment produces copper concentrate and molybdenum as a by-product.