Antofagasta (OTCMKTS:ANFGF) Downgraded to Underperform Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Antofagasta (OTCMKTS:ANFGF) from a sector perform rating to an underperform rating in a report issued on Friday, Marketbeat reports.

Several other analysts also recently commented on ANFGF. JPMorgan Chase & Co. lowered shares of Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. The Goldman Sachs Group raised shares of Antofagasta from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Citigroup restated a “buy” rating on shares of Antofagasta in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Friday, January 30th. Finally, UBS Group downgraded Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Antofagasta Stock Performance

OTCMKTS:ANFGF opened at $41.70 on Friday. The stock’s 50 day moving average price is $51.07 and its 200 day moving average price is $42.13. Antofagasta has a 52 week low of $17.45 and a 52 week high of $61.72.

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.