Fly News Breaks for March 12, 2019
Mar 12, 2019 | 07:13 EDT
RBC Capital analyst Tyler Broda downgraded Antofagasta to Sector Perform and lowered his price target to GBP850 from GBP890, saying the risk-reward is now more balanced after the recent sentiment recovery and a rebound in copper prices. The analyst adds that Antofagasta's investment phase is likely to compress free cash yields in the near term, but still sees the stock as a "good exposure to metals, especially with copper being one of our more favored long-term exposures".
News For ANFGY From the Last 2 Days
Sep 20, 2019 | 05:23 EDT
UBS analyst Daniel Major downgraded Antofagasta to Sell from Neutral with a price target of 850 pence. The valuation looks stretched following the share rally over the past month, Major tells investors in a research note.