Antofagasta (OTCMKTS:ANFGF) Downgraded by Berenberg Bank to Hold

Berenberg Bank lowered shares of Antofagasta (OTCMKTS:ANFGF) from a buy rating to a hold rating in a research note published on Thursday, MarketBeat.com reports.

Other equities analysts have also recently issued research reports about the company. UBS Group cut Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. The Goldman Sachs Group upgraded Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. lowered Antofagasta from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Finally, Royal Bank Of Canada lowered Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Antofagasta Trading Down 5.7%

OTCMKTS:ANFGF opened at $50.46 on Thursday. Antofagasta has a fifty-two week low of $20.83 and a fifty-two week high of $61.72. The business’s 50-day simple moving average is $50.21 and its 200-day simple moving average is $44.25.

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.