Scotiabank Reiterates “Sector Perform” Rating for Antofagasta (OTCMKTS:ANFGF)

Scotiabank restated their sector perform rating on shares of Antofagasta (OTCMKTS:ANFGF) in a report issued on Tuesday, The Fly reports.

ANFGF has been the topic of several other reports. Royal Bank of Canada reiterated an underperform rating on shares of Antofagasta in a research report on Monday, August 23rd. BMO Capital Markets reissued a market perform rating on shares of Antofagasta in a research note on Tuesday, August 24th. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Antofagasta in a research note on Thursday, September 16th. Liberum Capital raised shares of Antofagasta from a sell rating to a hold rating and set a $1,450.00 price objective for the company in a research note on Tuesday, June 29th. Finally, Barclays reaffirmed a sell rating and issued a $1,100.00 price objective on shares of Antofagasta in a research note on Friday, October 8th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $1,383.33.

Antofagasta stock opened at $18.80 on Tuesday. Antofagasta has a 1 year low of $13.03 and a 1 year high of $27.80. The firm’s 50 day moving average price is $19.73 and its two-hundred day moving average price is $21.57.

About Antofagasta

Antofagasta Plc is a holding company, which engages in copper mining, transport, and water distribution businesses. It operates through the following segments: Los Pelambres; Centinela; Antucoya; Zaldívar; Exploration and Evaluation; Corporate and Other Items; and Transport division. The Los Pelambres segment produces copper concentrate and molybdenum as a by-product.

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