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Home / Momentum / Antofagasta (ANTO.L) 17-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Antofagasta (ANTO.L) 17-04-20

Antofagasta (ANTO.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

  • Now trading at 792p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -19% from 12-month highs; +29% from 12 month lows.

Latest News

16 Apr:  Barclays Capital reiterates its underweight rating on Antofagasta (ANTO) and reduced the target price to 740p (from 750p).

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).

 

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).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

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