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

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been given an average recommendation of “Reduce” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company.

Several brokerages recently weighed in on ANFGF. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Friday, May 15th. JPMorgan Chase & Co. lowered shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Finally, Berenberg Bank lowered shares of Antofagasta from a “buy” rating to a “hold” rating in a research report on Thursday, April 16th.

Antofagasta Price Performance

OTCMKTS ANFGF opened at $59.57 on Thursday. The company has a 50 day simple moving average of $51.20 and a 200-day simple moving average of $48.09. Antofagasta has a 52-week low of $22.81 and a 52-week high of $61.72.

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.