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

Shares of Antofagasta plc (OTCMKTS:ANFGF) rose 0.3% on Monday. The stock traded as high as $52.50 and last traded at $51.0150. Approximately 6,853 shares traded 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

Several equities research analysts have issued reports on the company. Citigroup upgraded Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Scotiabank reiterated a “sector perform” rating on shares of Antofagasta in a report on Monday, June 15th. Morgan Stanley reiterated an “underweight” rating on shares of Antofagasta in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Antofagasta in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Antofagasta Stock Performance

The firm’s 50 day moving average price is $51.85 and its two-hundred day moving average price is $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.