Antofagasta plc (OTCMKTS:ANFGF) Given Average Recommendation of “Reduce” by Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received a consensus rating of “Reduce” from the eight brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts have recently commented on ANFGF shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Friday, January 30th. Royal Bank Of Canada cut shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. 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 report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. cut shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th.

Antofagasta Stock Up 0.6%

OTCMKTS:ANFGF opened at $46.08 on Friday. Antofagasta has a twelve month low of $17.45 and a twelve month high of $61.72. The stock’s 50-day simple moving average is $50.92 and its 200 day simple moving average is $42.55.

About Antofagasta

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.