Short Interest in Antofagasta plc (OTCMKTS:ANFGF) Rises By 25.1%

Antofagasta plc (OTCMKTS:ANFGF) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 947,858 shares, an increase of 25.1% from the February 26th total of 757,524 shares. Based on an average trading volume of 9,359 shares, the short-interest ratio is currently 101.3 days.

Antofagasta Price Performance

ANFGF traded down $2.50 during trading on Monday, reaching $41.58. 2,570 shares of the company’s stock were exchanged, compared to its average volume of 6,797. The company’s fifty day moving average price is $50.73 and its 200-day moving average price is $42.85. Antofagasta has a fifty-two week low of $17.45 and a fifty-two week high of $61.72.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ANFGF shares. The Goldman Sachs Group raised shares of Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. UBS Group lowered Antofagasta from a “buy” rating to a “neutral” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Finally, Royal Bank Of Canada lowered Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.