Antofagasta (ANTO.L) 09-04-20
Will Antofagasta (ANTO.L) continue this relentless rise, setting new highs?
- Currently trading at 764.6p (at time of writing), performance has been exceptional of late.
- Will it hit resistance, or is the trend your friend?
- Is this one for momentum traders?
- The price has been moving upwards, however, past performance is not necessarily an indication of the future.
- Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
- Shares -25% from 12-month highs; +24% from 12 month lows.
Latest News
06 Apr: RBC Capital Markets has downgraded its rating on Antofagasta (ANTO) to underperform (from sector performer) and reduced the target price to 600p (from 760p).
06 Apr: Antofagasta, the copper miner, announced that it had suspended its Los Pelambres expansion build in Chile, for up to 120 days, as a result of the current pandemic.
02 Apr: Antofagasta announced that its businesses were now running with around 50% of its workers, as management aimed to reduce the spread of the coronovirus.
25 Mar: Morgan Stanley reiterates its underweight rating on Antofagasta (ANTO) and reduced the target price to 630p (from 780p).
23 Mar: Peel Hunt reiterates its hold rating on Antofagasta (ANTO) and reduced the target price to 800p (from 940p).
20 Mar: Deutsche Bank reiterates its hold rating on Antofagasta (ANTO) and reduced the target price to 760p (from 850p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires