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Movers & Shakers - 24 January 2018

The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited

Antofagasta (ANTO) – The copper miner reports Q4 Copper production down but in line, while Gold production lower and net cash costs higher (lower grades). 2018 copper production guidance remains unchanged, weighted towards H2 as the company expects lower grades but costs to be flat.

Fresnillo (FRES) – The UK 100 precious metals minder reports key product silver FY production in-line with guidance, while FY Gold production beats guidance, although this figure was negative due to lower reduction of gold inventories and lower grades. 2018 silver production is seen improving by at least 14%, in-line with long term guidance, while the company guides Gold down between 1 and 4%.

Marks & Spencer (MKS) – The high street retailer has been downgraded to Underperform by Credit Suisse, with the Swiss bank slashing its target price on the stock by 23% to 285p (7.6% below yesterday’s close).

Polymetal (POLY) – The precious metal miner’s FY Gold production beats guidance, while Silver production falls. The miner has reiterated 2018-19 production guidance, but 2017 costs and CAPEX seen higher.

 

(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)


 

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
EASYJET EZJ 5.1% 7.0% 3.9%
MARSTON’S MARS -1.3% -1.2% -6.0%
SKY SKY 2.3% 3.7% 1.2%
WPP WPP -2.1% -1.2% -3.3%
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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