Antofagasta plc (OTCMKTS:ANFGF) Short Interest Update

Antofagasta plc (OTCMKTS:ANFGF) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 746,728 shares, a decrease of 45.5% from the January 29th total of 1,369,576 shares. Based on an average daily trading volume, of 11,350 shares, the short-interest ratio is presently 65.8 days. Based on an average daily trading volume, of 11,350 shares, the short-interest ratio is presently 65.8 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. UBS Group downgraded Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group raised shares of Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Antofagasta Stock Down 3.2%

ANFGF stock opened at $58.11 on Monday. The business has a 50 day moving average of $49.66 and a 200 day moving average of $40.12. Antofagasta has a twelve month low of $17.45 and a twelve month 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.