Antofagasta plc (ANFGF) – What Are Brokerages Saying About This Stock?

Antofagasta plc (OTCMKTS:ANFGF) has been assigned an average recommendation of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company.

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

Antofagasta Stock Up 2.1%

Shares of OTCMKTS:ANFGF opened at $50.49 on Wednesday. The business’s 50 day moving average is $51.85 and its 200 day moving average is $51.49. Antofagasta has a 12-month low of $32.91 and a 12-month high of $61.72.

Antofagasta Company Profile

Antofagasta plc is a mining company headquartered in the United Kingdom with its principal operations in Chile. The company focuses primarily on the exploration, development and production of copper, a metal used extensively in electrical equipment, infrastructure, construction and renewable-energy technologies. It also produces by-products including gold, molybdenum and silver at certain operations.

Antofagasta operates four copper mining divisions in northern and central Chile: Los Pelambres, Centinela, Antucoya and Zaldívar.