Antofagasta plc (OTCMKTS:ANFGF) Receives Consensus “Hold” Recommendation From Analysts
Shares of Antofagasta plc (OTCMKTS:ANFGF – Get Rating) have been awarded a consensus recommendation of “Hold” from the eleven research firms that currently cover the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The 12-month average price target among analysts who have reported on the stock over the past year is $1,578.33.
ANFGF has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reworded a “hold” rating and issued a price target of 1,500 GBX ($18.80) (previously 1,300 GBX ($16.29)) on Antofagasta shares in a research note from Tuesday, April 5. Royal Bank of Canada reiterated a “sell” rating on Antofagasta shares in a Wednesday, April 20 research note. Morgan Stanley cut its price target on Antofagasta from 1,500 GBX ($18.80) to 1,370 GBX ($17.17) in a Monday, April 25 research note. Jefferies Financial Group raised its price target on Antofagasta from 1,750 GBX ($21.93) to 1,950 GBX ($24.44) in a Wednesday, March 9 research note. Finally, JPMorgan Chase & Co. reduced its price target on Antofagasta from 1,560 GBX ($19.55) to 1,550 GBX ($19.42) in a Friday, April 22 research note.
Antofagasta shares opened at $18.43 on Friday. Antofagasta has a 12-month low of $16.35 and a 12-month high of $23.45. The company has a 50-day moving average price of $19.26 and a 200-day moving average price of $19.31.
About Antofagasta (Get a rating)
Antofagasta plc operates as a mining company. It operates through the division’s segments Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation and Transportation. 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.
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