Short Interest in Antofagasta plc (OTCMKTS:ANFGF) Increases By 25.1%

Antofagasta plc (OTCMKTS:ANFGF) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 947,858 shares, a growth of 25.1% from the February 26th total of 757,524 shares. Based on an average trading volume of 9,359 shares, the short-interest ratio is currently 101.3 days.

Analyst Ratings Changes

ANFGF has been the subject of a number of recent research reports. Royal Bank Of Canada cut Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. lowered Antofagasta from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a research note on Friday, January 30th. UBS Group downgraded Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Finally, Citigroup reiterated a “buy” rating on shares of Antofagasta in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Antofagasta Price Performance

OTCMKTS ANFGF opened at $44.57 on Wednesday. Antofagasta has a 52-week low of $17.45 and a 52-week high of $61.72. The firm has a 50-day moving average price of $50.51 and a 200 day moving average price of $43.03.

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.