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

Antofagasta plc (OTCMKTS:ANFGF) has been given a consensus recommendation of “Reduce” by the ten brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities research analysts have weighed in on the stock. Oddo Bhf initiated coverage on shares of Antofagasta in a research note on Wednesday, April 15th. They set a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Antofagasta in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Antofagasta in a research note on Friday, May 15th. JPMorgan Chase & Co. downgraded shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Finally, Berenberg Bank downgraded shares of Antofagasta from a “buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Antofagasta Trading Up 0.5%

ANFGF opened at $59.57 on Thursday. Antofagasta has a fifty-two week low of $22.81 and a fifty-two week high of $61.72. The firm’s fifty day moving average price is $51.20 and its two-hundred day moving average price is $48.09.

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.