Antofagasta plc (OTCMKTS:ANFGF) Receives Average Rating of “Reduce” from Analysts

Antofagasta plc (OTCMKTS:ANFGF) has received a consensus recommendation of “Reduce” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company.

A number of research firms recently commented on ANFGF. Citigroup raised Antofagasta from a “buy” rating to an “overweight” rating in a research note on Monday, July 6th. Berenberg Bank downgraded shares of Antofagasta from a “buy” rating to a “hold” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd. Oddo Bhf started coverage on shares of Antofagasta in a research report on Wednesday, April 15th. They issued a “neutral” rating for the company. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Antofagasta in a report on Monday, June 15th.

Antofagasta Trading Down 2.9%

OTCMKTS:ANFGF opened at $49.07 on Friday. The stock has a fifty day moving average price of $52.67 and a 200-day moving average price of $51.12. Antofagasta has a fifty-two week low of $25.30 and a fifty-two week high of $61.72.

About Antofagasta

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.