Antofagasta plc (OTCMKTS:ANFGF) Given Consensus Rating of “Reduce” by Analysts

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been given a consensus rating of “Reduce” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd. Berenberg Bank cut shares of Antofagasta from a “buy” rating to a “hold” rating in a research note on Thursday, April 16th. Scotiabank restated a “sector perform” rating on shares of Antofagasta in a report on Monday, June 15th. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Finally, Oddo Bhf initiated coverage on Antofagasta in a research report on Wednesday, April 15th. They issued a “neutral” rating for the company.

Antofagasta Stock Performance

Shares of OTCMKTS ANFGF opened at $49.73 on Friday. The firm has a 50-day simple moving average of $52.62 and a 200-day simple moving average of $51.14. Antofagasta has a 52 week low of $25.30 and a 52 week high of $61.72.

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.