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

Antofagasta plc (OTCMKTS:ANFGF) has earned a consensus recommendation of “Reduce” from the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company.

Several equities analysts have issued reports on the stock. Royal Bank Of Canada lowered shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a report on Friday, March 20th. Oddo Bhf began coverage on shares of Antofagasta in a report on Wednesday, April 15th. They issued a “neutral” rating on the stock. Citigroup reissued a “buy” rating on shares of Antofagasta in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Friday, May 15th. Finally, Berenberg Bank lowered shares of Antofagasta from a “buy” rating to a “hold” rating in a report on Thursday, April 16th.

Antofagasta Price Performance

Shares of ANFGF stock opened at $54.53 on Thursday. The company’s 50 day moving average is $51.80 and its 200 day moving average is $48.49. Antofagasta has a 52-week low of $22.81 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.