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

Antofagasta plc (OTCMKTS:ANFGF) has earned a consensus rating of “Reduce” from the ten brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts have issued reports on the stock. Oddo Bhf assumed coverage on shares of Antofagasta in a report on Wednesday, April 15th. They set a “neutral” rating on the stock. Royal Bank Of Canada downgraded shares of Antofagasta from a “sector perform” rating to an “underperform” rating in a report on Friday, March 20th. UBS Group downgraded shares of Antofagasta from a “buy” rating to a “neutral” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Antofagasta in a research note on Friday. Finally, Citigroup reiterated a “buy” rating on shares of Antofagasta in a research note on Thursday, April 23rd.

Antofagasta Stock Down 8.9%

ANFGF opened at $52.27 on Friday. The firm’s fifty day moving average price is $49.43 and its two-hundred day moving average price is $46.33. Antofagasta has a 1 year low of $22.81 and a 1 year 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.