Antofagasta (OTCMKTS:ANFGF) Stock Price Down 1.6% – Should You Sell?

Antofagasta plc (OTCMKTS:ANFGF) shares were down 1.6% on Tuesday . The stock traded as low as $35.00 and last traded at $35.95. Approximately 8,931 shares changed hands during trading, an increase of 4% from the average daily volume of 8,592 shares. The stock had previously closed at $36.55.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ANFGF shares. Scotiabank cut shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a report on Wednesday, October 1st. Citigroup reissued a “buy” rating on shares of Antofagasta in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Antofagasta in a report on Tuesday, August 5th. Finally, Sanford C. Bernstein cut shares of Antofagasta to a “market perform” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Antofagasta Price Performance

The stock’s 50-day simple moving average is $32.67 and its two-hundred day simple moving average is $27.14.

About Antofagasta

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. Its mines produce copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The company also has exploration projects in various countries.