Antofagasta plc (OTCMKTS:ANFGF) Given Average Rating of “Hold” by Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have recently weighed in on ANFGF. The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. UBS Group lowered shares of Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research note on Friday, January 30th. Finally, Citigroup restated a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th.

Antofagasta Trading Up 0.9%

Antofagasta stock opened at $55.04 on Tuesday. The business’s 50-day simple moving average is $48.26 and its 200 day simple moving average is $39.25. Antofagasta has a 12-month low of $17.45 and a 12-month high of $57.64.

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.