Antofagasta plc (OTCMKTS:ANFGF) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received a consensus recommendation of “Reduce” from the ten ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company.

Several analysts have recently weighed in on ANFGF shares. Berenberg Bank downgraded Antofagasta from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada lowered Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. Oddo Bhf started coverage on Antofagasta in a research note on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Citigroup restated a “buy” rating on shares of Antofagasta in a research report on Tuesday, February 10th.

Antofagasta Stock Performance

Shares of OTCMKTS:ANFGF opened at $54.04 on Wednesday. Antofagasta has a twelve month low of $20.83 and a twelve month high of $61.72. The firm has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $44.36.

About Antofagasta

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.