Antofagasta plc (OTCMKTS:ANFGF) Receives Average Rating of “Hold” from Brokerages

Shares of Antofagasta plc (OTCMKTS:ANFGF) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company.

Several equities research analysts have recently issued reports on ANFGF shares. Deutsche Bank Aktiengesellschaft lowered Antofagasta from a “hold” rating to a “sell” rating in a research report on Wednesday, January 7th. UBS Group lowered shares of Antofagasta from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group raised Antofagasta from a “neutral” rating to a “buy” rating in a report on Friday, January 9th.

Antofagasta Trading Up 2.3%

OTCMKTS:ANFGF opened at $52.47 on Friday. The firm has a 50-day moving average price of $43.65 and a two-hundred day moving average price of $36.10. Antofagasta has a 52 week low of $17.45 and a 52 week high of $57.64.

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.