Antofagasta (OTCMKTS:ANFGF) Shares Up 0% – Time to Buy?

Antofagasta plc (OTCMKTS:ANFGF) traded up 0% on Monday . The company traded as high as $48.65 and last traded at $46.90. 11,956 shares traded hands during trading, an increase of 83% from the average session volume of 6,543 shares. The stock had previously closed at $46.8850.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANFGF. Oddo Bhf initiated coverage on Antofagasta in a research report on Wednesday, April 15th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Antofagasta in a research report on Thursday, July 2nd. Citigroup raised Antofagasta from a “buy” rating to an “overweight” rating in a report on Monday, July 6th. Berenberg Bank cut Antofagasta from a “buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Scotiabank reissued a “sector perform” rating on shares of Antofagasta in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Antofagasta Stock Performance

The business’s 50 day simple moving average is $53.10 and its two-hundred day simple moving average is $51.01.

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.