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Fly News Breaks for February 12, 2019
ANFGY, VALE, NGLOY, FQVLF, BHP, RIO
Feb 12, 2019 | 04:54 EDT
Goldman Sachs analyst Eugene King last night upgraded Rio Tinto (RIO) to Buy from Neutral while downgrading both BHP Billiton (BHP) and First Quantum Minerals (FQVLF) to Neutral from Buy. The setup for commodities and the mining equities remains positive, King tells investors in a research note. His top idea remains Anglo American (NGLOY), which is on Goldman's Conviction List with a Buy rating. The analyst believes the recent accident at Vale's (VALE) iron or tailings dam has created "considerable uncertainty" in the iron ore market and that investors are likely to view Rio favorably. The analyst also downgrades both First Quantum and BHP to Neutral following the stocks' recent outperformance and keeps a Sell rating on Antofagasta (ANFGY).
News For RIO;BHP;FQVLF;NGLOY;VALE;ANFGY From the Last 2 Days
FQVLF
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
FQVLF
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
FQVLF
Mar 26, 2024 | 07:28 EDT
Stifel resumed coverage of First Quantum Minerals with a Hold rating and C$14 price target as the firm resumed coverage of the Canadian copper sector. Recent metal strength has shown "senior miners the most love," says the firm, which thinks the mid-tier sub-sector is strategically best positioned to capture demand growth for copper. The firm also expresses a view that the group offers the best risk/return in the current market.