Antofagasta plc (OTCMKTS:ANFGF) Given Average Rating of “Hold” by Brokerages

Antofagasta plc (OTCMKTS:ANFGF – Get Rating) has earned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1,261.18.

ANFGF has been the topic of several research analyst reports. Exane BNP Paribas downgraded shares of Antofagasta from a “neutral” rating to an “underperform” rating and set a GBX 1,060 ($12.93) target price on the stock. in a research report on Thursday, October 6th. BNP Paribas downgraded shares of Antofagasta to a “sell” rating and set a $10.60 target price on the stock. in a research report on Thursday, October 6th. Credit Suisse Group boosted their target price on shares of Antofagasta from GBX 1,750 ($21.35) to GBX 1,800 ($21.96) in a research report on Thursday. Morgan Stanley upped their price objective on shares of Antofagasta from GBX 1,220 ($14.89) to GBX 1,300 ($15.86) in a report on Thursday, December 8th. Finally, Peel Hunt downgraded shares of Antofagasta to a “hold” rating in a report on Thursday, October 20th.

Antofagasta Price Performance

OTCMKTS:ANFGF opened at $21.23 on Monday. Antofagasta has a twelve month low of $11.34 and a twelve month high of $23.45. The company’s 50 day moving average is $18.09 and its two-hundred day moving average is $14.86.

Antofagasta Company Profile

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Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile.