Antofagasta plc (OTCMKTS:ANFGF) Short Interest Up 22.2% in March

Antofagasta plc (OTCMKTS:ANFGF) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,158,065 shares, a growth of 22.2% from the March 15th total of 947,858 shares. Based on an average daily volume of 15,786 shares, the short-interest ratio is currently 73.4 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ANFGF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Royal Bank Of Canada cut shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. cut shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Oddo Bhf initiated coverage on shares of Antofagasta in a research report on Wednesday. They issued a “neutral” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Antofagasta in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Antofagasta currently has a consensus rating of “Reduce”.

Antofagasta Stock Performance

Shares of ANFGF opened at $53.48 on Thursday. Antofagasta has a twelve month low of $20.78 and a twelve month high of $61.72. The firm’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $44.21.

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.