Antofagasta (ANTO.L) 24-01-20
Will the Antofagasta (ANTO.L) share price break beneath the 864p support zone, or will we see a return to highs of 984p (+12%)?
- Currently trading close to the key 864p support at 873.6p (at time of writing).
- The support has proven reliable until now. Will the price rebound again?
- As always, traders should be mindful of stop-loss placement.
- Will the shares bounce again to recent highs at 984p? (+12%).
- Shares -14% from 12-month highs; +12% from 12 month lows.
Latest News
23 Jan: RBC Capital Markets reiterates its sector performer rating on Antofagasta (ANTO) and reduced the target price to 850p (from 900p).
22 Jan: JP Morgan Cazenove reiterates its underweight rating on Antofagasta (ANTO) and increased the target price to 790p (from 780p).
22 Jan: Antofagasta, the copper producer, announced that copper produced was at record levels for the full year, meeting the top end of the guidance. However, unrest in Chile dragged on production within Q4.
21 Jan: Goldman Sachs reiterates its neutral rating on Antofagasta (ANTO) and reduced the target price to 890p (from 910p).
15 Jan: Barclays Capital reiterates its underweight rating on Antofagasta (ANTO) and increased the target price to 750p (from 700p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires