Antofagasta plc (OTCMKTS:ANFGF) Receives Consensus Recommendation of “Hold” from Analysts

Antofagasta plc (OTCMKTS:ANFGF) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company.

ANFGF has been the topic of a number of analyst reports. Royal Bank Of Canada downgraded Antofagasta from a “sector perform” rating to an “underperform” rating in a research note on Friday, March 20th. Citigroup reaffirmed a “buy” rating on shares of Antofagasta in a report on Thursday, April 23rd. Scotiabank reissued a “sector perform” rating on shares of Antofagasta in a report on Monday, June 15th. Oddo Bhf started coverage on Antofagasta in a report on Wednesday, April 15th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. lowered Antofagasta from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th.

Antofagasta Price Performance

ANFGF opened at $50.01 on Monday. Antofagasta has a 12 month low of $24.96 and a 12 month high of $61.72. The business has a 50 day simple moving average of $53.32 and a 200-day simple moving average of $50.10.

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.