Antofagasta (OTCMKTS:ANFGF) Price Target Cut to 1,280.00 by Analysts at Deutsche Bank Aktiengesellschaft

Antofagasta (OTCMKTS:ANFGF) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from 1,300.00 to 1,280.00 in a report released on Friday, The Fly reports.

Other equities analysts have also issued research reports about the company. Barclays reaffirmed a “sell” rating and issued a $1,100.00 price objective on shares of Antofagasta in a research note on Friday, October 8th. UBS Group decreased their price objective on Antofagasta from 1,360.00 to 1,350.00 in a research report on Friday. Scotiabank restated a “sector perform” rating on shares of Antofagasta in a research report on Tuesday, October 12th. Royal Bank of Canada upgraded Antofagasta from an “underperform” rating to a “sector perform” rating and set a $1,350.00 price target on the stock in a report on Friday, October 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Antofagasta in a report on Thursday, October 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,312.71.

Shares of OTCMKTS ANFGF remained flat at $$19.75 during mid-day trading on Friday. The business has a 50-day moving average of $18.53 and a two-hundred day moving average of $19.36. Antofagasta has a 52-week low of $17.00 and a 52-week high of $27.80.

About Antofagasta

Antofagasta Plc is a holding company, which engages in copper mining, transport, and water distribution businesses. It operates through the following segments: Los Pelambres; Centinela; Antucoya; Zaldívar; Exploration and Evaluation; Corporate and Other Items; and Transport division. The Los Pelambres segment produces copper concentrate and molybdenum as a by-product.

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