Antofagasta plc (OTCMKTS:ANFGF) Short Interest Update

Antofagasta plc (OTCMKTS:ANFGF) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 746,728 shares, a decline of 45.5% from the January 29th total of 1,369,576 shares. Based on an average daily volume of 11,350 shares, the days-to-cover ratio is presently 65.8 days. Based on an average daily volume of 11,350 shares, the days-to-cover ratio is presently 65.8 days.

Antofagasta Trading Down 3.2%

ANFGF opened at $58.11 on Friday. The company has a 50 day simple moving average of $49.66 and a two-hundred day simple moving average of $39.96. Antofagasta has a 1-year low of $17.45 and a 1-year high of $61.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ANFGF shares. UBS Group cut shares of Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday, January 30th. The Goldman Sachs Group raised shares of Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Citigroup reiterated a “buy” rating on shares of Antofagasta in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.