Antofagasta plc (OTCMKTS:ANFGF) Receives Consensus Rating of “Hold” from Analysts

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have weighed in on ANFGF. Royal Bank Of Canada cut Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. Oddo Bhf began coverage on Antofagasta in a research report on Wednesday, April 15th. They set a “neutral” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a research report on Thursday, April 23rd. Berenberg Bank cut Antofagasta from a “buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Antofagasta in a research report on Monday, June 15th.

Antofagasta Stock Performance

OTCMKTS:ANFGF opened at $50.01 on Monday. The stock’s 50 day moving average price is $53.32 and its 200 day moving average price is $50.10. Antofagasta has a 52-week low of $24.96 and a 52-week high of $61.72.

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.