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

Shares of Antofagasta plc (OTCMKTS:ANFGF) have received an average rating of “Reduce” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company.

A number of equities research analysts have issued reports on ANFGF shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd. Morgan Stanley reaffirmed an “underweight” rating on shares of Antofagasta in a report on Wednesday, July 8th. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a research report on Monday, July 6th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th.

Antofagasta Stock Performance

Shares of Antofagasta stock opened at $54.45 on Tuesday. The stock’s 50-day simple moving average is $51.35 and its 200 day simple moving average is $51.54. Antofagasta has a 52-week low of $28.88 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.