Copper deficit likely, says Goldman, but Antofagasta overvalued
5th Oct 2018 14:41
(Sharecast News) - Copper prices are likely to remain strong in coming years, Goldman Sachs said on Friday, but analysts downgraded Antofagasta for several reasons.
Read moreFriday broker round-up
24th Aug 2018 14:41
(Sharecast News) - Antofagasta: RBC Capital Markets upgrades to outperform with a target price of 950p.
Read moreRBC Capital lifts Antofagasta to 'outperform' on valuation
24th Aug 2018 12:36
(Sharecast News) - RBC Capital Markets lifted Antofagasta to 'outperform' from 'sector perform' on Friday on valuation grounds.
Read moreThursday broker round-up
16th Aug 2018 13:09
(Sharecast News) - Esure Group: UBS upgrades to neutral with a target price of 280p.
Read moreSector movers: Miners and Big Oil hit again as traders wait for other shoe to drop in EM
15th Aug 2018 14:25
(Sharecast News) - The roof is caving in on miners again on Tuesday, amid fears that the recent rout in Turkish assets presages weakness in other emerging market economies.
Read moreTuesday broker round-up
14th Aug 2018 13:24
(Sharecast News) - Elementis: Berenberg upgrades to buy with a target price of 315p.
Read moreAntofagasta H1 profits fall on lower sales tonnage, grades
14th Aug 2018 07:07
(Sharecast News) - Lower sales tonnages and copper grades combined with higher costs hit interim profits at Antofagasta as it cut its dividend, although the miner said it expected a better second half.
Read moreAntofagasta Q2 copper production up 6% as cash costs fall
25th Jul 2018 07:04
(Sharecast News) - Antofagasta said second quarter copper production rose 6.1% to 163,200 tonnes compared with the previous three months and expected it to increase throughout the year as grades improve.
Read moreLondon close: FTSE mixed as Unilever flies after rebuffed Kraft Heinz bid
17th Feb 2017 17:15
(ShareCast News) - London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table. The rebuffed offer -- $50 a share in a mix of cash and shares -- wa
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreLondon close: Blue chips, mid caps end higher as miners rally with copper prices
13th Feb 2017 17:17
(ShareCast News) - UK blue chips and mid caps chimed Monday's close on a positive note, with the latter at yet another record high, as mining-related stocks surged alongside the price of the industrial-favourite copper. Prices for the 'red metal' pushed higher at the start of the week on expectatio
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreSector movers: Miners gain on stronger than forecast Chinese trade numbers
10th Feb 2017 14:48
(ShareCast News) - Metals and Miners' shares bounded higher at the tail-end of the week amid stronger than expected foreign trade data out of China referencing the month of January, together with sharp gains in the price of some bulk metals. Nonetheless, in the case of Dr. Copper note should be t
Read moreAntofagasta churns out strong fourth quarter production and costs
25th Jan 2017 07:28
(ShareCast News) - Chilean copper and gold miner Antofagasta enjoyed a strong fourth quarter performance and kept cash costs for the year below its guided level. The final quarter of 2016 saw copper production 205,500 tonnes, up 13.8% versus the previous quarter to lift production for the full year
Read moreSector movers: Miners pace gains as dollar weakens on Trump
23rd Jan 2017 15:55
(ShareCast News) - Steelmakers and miners found an unexpected ally at the start of the week in the form of a weaker US dollar in the wake of what a fair bit of market commentary appeared to label as a rather protectionist Inauguration Day speech by US President Donald Trump. That drove a haven bid f
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