Antofagasta plc (OTCMKTS:ANFGF) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been given an average rating of “Reduce” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company.

ANFGF has been the topic of a number of research reports. Citigroup raised Antofagasta from a “buy” rating to an “overweight” rating in a research report on Monday, July 6th. Morgan Stanley reissued an “underweight” rating on shares of Antofagasta in a research report on Wednesday, July 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Antofagasta in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a report on Thursday, July 2nd.

Antofagasta Stock Up 1.5%

ANFGF opened at $50.65 on Tuesday. The company has a fifty day moving average price of $51.64 and a two-hundred day moving average price of $51.54. Antofagasta has a 1-year low of $28.29 and a 1-year high of $61.72.

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.