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

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

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

Antofagasta Stock Performance

Shares of OTCMKTS:ANFGF opened at $48.65 on Friday. Antofagasta has a 1-year low of $31.22 and a 1-year high of $61.72. The business has a fifty day moving average price of $51.61 and a 200-day moving average price of $51.44.

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.