Shares of Antofagasta plc (OTCMKTS:ANFGF – Get Free Report) traded up 1.2% during mid-day trading on Wednesday. The company traded as high as $45.1866 and last traded at $43.6845. Approximately 2,317 shares were traded during mid-day trading, a decline of 64% from the average session volume of 6,371 shares. The stock had previously closed at $43.15.
Wall Street Analysts Forecast Growth
ANFGF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Antofagasta from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup upgraded shares of Antofagasta from a “buy” rating to an “overweight” rating in a research note on Monday, July 6th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Antofagasta in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Antofagasta
Antofagasta Stock Down 1.2%
The stock has a 50 day simple moving average of $49.63 and a two-hundred day simple moving average of $50.91.
Antofagasta Company Profile
Antofagasta plc (OTCMKTS:ANFGF) is a Chile-focused mining company that explores, develops and operates copper mines. Copper is its principal product, with additional production of molybdenum, gold and silver from certain operations. The company also operates a transport division that provides rail and road freight services in northern Chile.
Antofagasta’s mining operations include Los Pelambres in the Coquimbo Region and Centinela, Antucoya and Zaldívar in the Antofagasta Region. Its projects and exploration activities are primarily concentrated in Chile, while its corporate headquarters are in London, United Kingdom.
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