Antofagasta plc (OTCMKTS:ANFGF) Sees Significant Increase in Short Interest

Antofagasta plc (OTCMKTS:ANFGF) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 947,858 shares, an increase of 25.1% from the February 26th total of 757,524 shares. Based on an average daily trading volume, of 9,359 shares, the days-to-cover ratio is presently 101.3 days.

Analysts Set New Price Targets

Several research analysts have recently commented on ANFGF shares. UBS Group downgraded Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th. Royal Bank Of Canada cut Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 20th. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. downgraded shares of Antofagasta from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Antofagasta Price Performance

OTCMKTS:ANFGF opened at $41.21 on Tuesday. The stock has a 50 day simple moving average of $50.60 and a 200 day simple moving average of $42.93. Antofagasta has a 1-year low of $17.45 and a 1-year high of $61.72.

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.