Antofagasta plc (OTCMKTS:ANFGF) Receives Average Rating of “Hold” from Brokerages

Antofagasta plc (OTCMKTS:ANFGF) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada downgraded shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. downgraded Antofagasta from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Oddo Bhf started coverage on Antofagasta in a research note on Wednesday, April 15th. They set a “neutral” rating on the stock. Berenberg Bank cut Antofagasta from a “buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Citigroup reiterated a “buy” rating on shares of Antofagasta in a research report on Thursday, April 23rd.

Antofagasta Stock Performance

Shares of Antofagasta stock opened at $52.44 on Monday. Antofagasta has a twelve month low of $25.05 and a twelve month high of $61.72. The company has a 50-day simple moving average of $53.29 and a two-hundred day simple moving average of $50.51.

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.