Antofagasta (OTCMKTS:ANFGF) Stock Jumps 0.3% – Here’s Why

Antofagasta plc (OTCMKTS:ANFGF) shot up 0.3% during trading on Monday. The stock traded as high as $52.50 and last traded at $51.0150. Approximately 6,853 shares changed hands during trading, an increase of 15% from the average session volume of 5,945 shares. The stock had previously closed at $50.8850.

Analyst Ratings Changes

A number of research firms recently weighed in on ANFGF. Morgan Stanley restated an “underweight” rating on shares of Antofagasta in a research note on Wednesday, July 8th. Citigroup upgraded shares of Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research report on Thursday, July 2nd. Finally, Scotiabank restated a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Antofagasta Price Performance

The firm has a 50-day moving average price of $51.85 and a 200 day moving average price of $51.39.

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.