Antofagasta (OTCMKTS:ANFGF) Stock Price Up 5.6% – Here’s Why

Antofagasta plc (OTCMKTS:ANFGF)’s share price traded up 5.6% on Friday . The company traded as high as $46.60 and last traded at $46.60. Approximately 18,687 shares were traded during mid-day trading, an increase of 139% from the average session volume of 7,816 shares. The stock had previously closed at $44.14.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein lowered Antofagasta to a “market perform” rating in a report on Thursday, September 25th. Citigroup reiterated a “buy” rating on shares of Antofagasta in a research note on Friday, September 26th. Finally, Scotiabank downgraded Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Antofagasta presently has a consensus rating of “Hold”.

Antofagasta Stock Up 5.6%

The company’s fifty day simple moving average is $38.08 and its 200 day simple moving average is $32.32.

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.