Rating Action: Is Antofagasta plc (OTCMKTS:ANFGY) a Buy? How Analyst Rate it? Why Goldman Upgraded The Stock

November 30, 2016 - By Hazel Jackson

Rating Action:  Is Antofagasta plc (OTCMKTS:ANFGY) a Buy? How Analyst Rate it? Why Goldman Upgraded The Stock

Antofagasta plc (OTCMKTS:ANFGY) Upgrade

In a a research report shared with investors on Wednesday morning, investment analysts at Goldman’s equities research division raised Antofagasta plc (OTCMKTS:ANFGY)‘s stock from a Sell to Neutral.

Antofagasta plc (ADR) (OTCMKTS:ANFGY) Ratings Coverage

Out of 4 analysts covering Antofagasta plc (OTCMKTS:ANFGY), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Antofagasta plc has been the topic of 4 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of ANFGY in a report on Wednesday, November 18 to “Neutral” rating. The rating was upgraded by Macquarie Research on Monday, November 14 to “Neutral”. Bank of America downgraded Antofagasta plc (ADR) (OTCMKTS:ANFGY) on Tuesday, November 24 to “Underperform” rating. The rating was downgraded by Credit Suisse on Tuesday, September 22 to “Underperform”.

About 189 shares traded hands. Antofagasta plc (ADR) (OTCMKTS:ANFGY) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Antofagasta plc is a copper mining company. The company has a market cap of $6.51 billion. The Firm is engaged in by-product production and has interests in transport. It currently has negative earnings. The Company’s divisions include Los Pelambres, Centinela, Michilla, Antucoya, Zaldivar, Exploration and evaluation, Railway and other transport services, Mining, Water concession, and Corporate and other items.

More recent Antofagasta plc (ADR) (OTCMKTS:ANFGY) news were published by: Benzinga.com which released: “Is Glencore Too Big To Fail?” on September 29, 2015. Also Benzinga.com published the news titled: “Mining Pair Trade Opportunity: Buy BHP Billiton, Sell Antofagasta” on September 14, 2015. Benzinga.com‘s news article titled: “Unexpected Countries Could Rise As Latin America’s New Mining Champions” with publication date: September 23, 2016 was also an interesting one.

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