Tuesday broker round-up
9th Aug 2016 12:42
(ShareCast News) - Aviva: Goldman Sachs reiterates buy with a target price of 480p. Antofagasta: RBC maintains sector perform with a 500p target. Informa: Numis reiterates buy with a 845p target. Astrazeneca: JP Morgan stays at neutral with a 4900p target. Topps Tiles: Berenberg reiterates hold w
Read moreAntofagasta improves copper production, reduces costs
27th Jul 2016 08:10
(ShareCast News) - Antofagasta posted its second quarter production update on Wednesday, with the company reporting a 5.8% increase in copper production over the first quarter at 166,200 tonnes. The FTSE 100 firm said this was a result of production increases at Los Pelambres, Zaldivar and Antucoya
Read moreFTSE 100 movers: Antofagasta leads miners' rise and Barratt the builders' fall
13th Jul 2016 13:36
(ShareCast News) - The FTSE 100 index was scuttling crabwise on Wednesday, as markets held their powder dry as Britain appointed a new Prime Minister later in the day and a day ahead of the Bank of England expected policy tinkering. Commodities heavyweights Antofagasta, Glencore, BHP Billiton and
Read moreBerenberg reiterates sell on Antofagasta
11th Jul 2016 14:12
(ShareCast News) - Antofagasta´s full-year copper production was likely to fall short of its estimates despite the company´s efforts, Berenberg said, leading its analysts to reiterate their 'sell' recommendation on the stock. Whereas Antofagasta had been guiding towards full-year 2016 copper product
Read moreLondon midday: Miners pace gains on stimulus hopes, upbeat US jobs data
11th Jul 2016 12:10
(ShareCast News) - London stocks were continuing to push higher come midday, carried by positive sentiment from Asia and the US, with domestic thoughts turning to the Bank of England monetary policy meeting scheduled for later in the week. Asian stocks finished the session with strong gains, as some
Read moreSector movers: House builders and banks rally
8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreCredit Suisse restarts Glencore at outperform, raises target on Anglo American
30th Jun 2016 15:22
(ShareCast News) - Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process. The outlook continued to be cloud
Read moreMiners and tech lead gains
15th Jun 2016 18:54
(ShareCast News) - A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher. Adding to the positive sentiment, data published overnight in China revealed stable lending dynamics across the country in May, although the figures also pointed towards a
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read moreBroker tips: Antofagasta, RPC, Flybe
9th Jun 2016 12:44
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read moreAntofagasta downgraded to 'hold' from 'buy' by Canaccord
9th Jun 2016 10:15
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may pressure Antofagasta's net margin and dividend. "The company has
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreMacquarie hikes short-term iron ore price forecasts, cautious on miners
18th May 2016 15:43
(ShareCast News) - Macquarie boosted its forecast for the price of iron ore in 2017 on the back of burgeoning steel demand in the People's Republic of China and deferrals in supplies, but cut those for 2018 and 2019. In a research note dated 16 May the broker hiked its 2017 iron ore price forecast b
Read moreAntofagasta confirms focus on margin preservation
18th May 2016 08:18
(ShareCast News) - Chilean copper colossus Antofagasta reiterated its plans for a 'three-pillar' strategy and confirmed that two major development projects have been slowed to preserve cash. Ahead of the FTSE 100 company's annual shareholder meeting, a statement from chairman Jean-Paul Luksic was pu
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