Antofagasta (OTCMKTS:ANFGF) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. lowered shares of Antofagasta (OTCMKTS:ANFGF) from an overweight rating to a neutral rating in a research note published on Monday, MarketBeat.com reports.

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

Antofagasta Price Performance

OTCMKTS ANFGF opened at $48.13 on Monday. The company’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $41.13. Antofagasta has a 52 week low of $17.45 and a 52 week high of $61.72.

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.