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Home / Ranges / Antofagasta (ANTO.L) 07-02-20

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

Antofagasta (ANTO.L) 07-02-20

Antofagasta (ANTO.L): currently trading within a range.  Will support be broken, or will the range prevail and send the price back to highs of 943p? (+16%)

 

  • Now trading around the 845p support at 857.8p (at time of writing).
  • Will the range continue? It has proven reliable recently.
  • The top end of this range has been 943p? (+16%).
  • Technical traders might seek to place stop losses outside of this range, in case of breakout.
  • Shares -16% from 12-month highs; +10% from 12 month lows.

Latest News

05 Feb:  Deutsche Bank has upgraded its rating on Antofagasta (ANTO) to hold (from sell) and increased the target price to 850p (from 840p).

30 Jan:  Goldman Sachs reiterates its neutral rating on Antofagasta (ANTO) and increased the target price to 910p (from 890p).

28 Jan:  Peel Hunt reiterates its hold rating on Antofagasta (ANTO) and increased the target price to 940p (from 915p).

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).

 

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

 

Click to enlarge

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