Antofagasta plc (OTCMKTS:ANFGF) Given Consensus Recommendation of “Reduce” by Analysts

Antofagasta plc (OTCMKTS:ANFGF) has received an average rating of “Reduce” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several research analysts have commented on ANFGF shares. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd. Oddo Bhf assumed coverage on Antofagasta in a research note on Wednesday, April 15th. They set a “neutral” rating for the company. Morgan Stanley restated an “underweight” rating on shares of Antofagasta in a report on Wednesday, July 8th. Scotiabank reissued a “sector perform” rating on shares of Antofagasta in a research report on Monday, June 15th. 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

Antofagasta stock opened at $52.54 on Friday. Antofagasta has a 52 week low of $25.30 and a 52 week high of $61.72. The company’s 50-day moving average price is $52.44 and its two-hundred day moving average price is $51.22.

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.