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Home / Momentum / Antofagasta (ANTO.L) 17-01-20

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

Antofagasta (ANTO.L) 17-01-20

Will shares in Antofagasta (ANTO.L) continue to rally, setting new recent highs?

 

  • Now trading at 990.2p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -3% from 12-month highs; +27% from 12 month lows.

Latest News

15 Jan:  Barclays Capital reiterates its underweight rating on Antofagasta (ANTO) and increased the target price to 750p (from 700p).

14 Jan:  Liberum Capital has upgraded its rating on Antofagasta (ANTO) to buy (from hold).

09 Jan:  Deutsche Bank reiterates its sell rating on Antofagasta (ANTO) and increased the target price to 840p (from 820p).

19 Dec:  HSBC has downgraded its rating on Antofagasta (ANTO) to reduce (from hold) and increased the target price to 835p  (from 820p).

17 Dec:  JP Morgan Cazenove reiterates its underweight rating on Antofagasta (ANTO) and increased the target price to 780p (from 730p).

11 Dec:  Barclays Capital reiterates its underweight rating on Antofagasta (ANTO) and reduced the target price to 700p (from 750p).

11 Dec:  Jefferies International has downgraded its rating on Antofagasta (ANTO) to hold (from buy) and reduced the target price to 950p  (from 1050p).

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

 

Click to enlarge

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