Antofagasta (ANFGF) to Release Quarterly Earnings on Thursday

Antofagasta (OTCMKTS:ANFGF) will likely be posting its resultson Thursday, August 13th. Analysts expect Antofagasta to announce earnings of $0.7270 per share and revenue of $4.4514 billion for the quarter.

Antofagasta Stock Up 0.3%

OTCMKTS:ANFGF opened at $54.55 on Wednesday. The company has a 50 day moving average price of $52.00 and a 200-day moving average price of $51.49. Antofagasta has a 1-year low of $28.00 and a 1-year high of $61.72.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ANFGF. Berenberg Bank lowered shares of Antofagasta from a “buy” rating to a “hold” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a research report on Thursday, July 2nd. Scotiabank reissued a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a research report on Monday, July 6th. Finally, Oddo Bhf began coverage on Antofagasta in a research note on Wednesday, April 15th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

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.