Royal Bank Of Canada Downgrades Antofagasta (OTCMKTS:ANFGF) to Underperform

Antofagasta (OTCMKTS:ANFGF) was downgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a report issued on Friday, MarketBeat Ratings reports.

A number of other equities research analysts also recently weighed in on ANFGF. JPMorgan Chase & Co. downgraded shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Citigroup reissued a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. UBS Group cut shares of Antofagasta from a “buy” rating to a “neutral” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. Finally, The Goldman Sachs Group upgraded shares of Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Antofagasta has an average rating of “Reduce”.

Antofagasta Trading Down 8.1%

Shares of ANFGF opened at $41.70 on Friday. Antofagasta has a 12-month low of $17.45 and a 12-month high of $61.72. The stock has a 50-day moving average price of $51.07 and a 200-day moving average price of $42.22.

Antofagasta Company Profile

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.