Antofagasta (OTCMKTS:ANFGF) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Antofagasta (OTCMKTS:ANFGF) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat reports.

Several other research firms have also weighed in on ANFGF. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a research note on Tuesday, February 10th. UBS Group downgraded Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. Finally, The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Antofagasta Trading Up 8.1%

ANFGF stock opened at $52.03 on Monday. Antofagasta has a fifty-two week low of $17.45 and a fifty-two week high of $61.72. The business’s fifty day moving average price is $50.81 and its two-hundred day moving average price is $41.30.

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.