This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Antofagasta (ANTO)
Antofagasta (ANTO)
Will shares pull back below the 200-day moving average or rally back towards the highs of 800p?
- Copper miner Antofagasta is one to watch for a potential uptick in global risk sentiment following a strong rally in blue chip defensive stocks post-Brexit vote.
- Shares are trading around their 200-day moving average – a decisive move beyond would be a bullish signal
- The RSI is in bullish territory
- Stochastics turned down from overbought
Broker Consensus: 17% Buy, 42% Hold, 42% Sell
Bullish: Bernstein, Outperform, Target 610p, +28% (5 July)
Average Target: 450p, -5% (7 Jul)
Bearish: Goldman Sachs, Sell, Target 280p, -41% (27 June)
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Prepared by Michael van Dulken, Head of Research
