Sector movers: Antofagasta crushed after company abandons dividend
15th Mar 2016 16:56
(ShareCast News) - Miners came under renewed selling pressure as iron ore futures continued to come off the boil and ahead of the US central bank's policy meeting the next day, with the Bank of Japan's decision overnight to keep its policy settings unchanged - instead of delivering further stimulus
Read moreFTSE 100 movers: RBS up on job cuts, miners suffer
15th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was in the red in afternoon trading on Tuesday, off the back of lower oil prices and predictions from OPEC that global demand for the cartel's crude would be less than previously expected in 2016. Leading the risers was Royal Bank of Scotland, which had revealed furth
Read moreTuesday preview: Antofagasta's falling profits in focus
14th Mar 2016 13:14
(ShareCast News) - Antofagasta's 2015 earnings are likely to have taken a hit from lower commodity prices, according to analysts' estimates ahead of the full year result on Tuesday. Chief executive Diego Hernandez in January warned that the global economic slowdown and associated falling commodity p
Read moreBroker tips: Imagination Technologies, M&S, Anglo American
11th Mar 2016 11:04
(ShareCast News) - Imagination Technologies surged on Friday after N+1 Singer upgraded the stock to 'buy' from 'hold' and lifted the price target to 191p from 151p following a visit to the company's headquarters in Kings Langley. In its last note, N+1 outlined a scenario where the group reduced rese
Read moreExane downgrades Anglo American, Antofagasta on valuation
11th Mar 2016 09:14
(ShareCast News) - Exane BNP Paribas downgraded Anglo American to 'underperform' from 'neutral' on valuation grounds and to reflect challenges associated with restructuring plans. It also downgraded South32 and Antofagasta to 'neutral' from 'outperform', both on vauation grounds. The bank said sent
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreLondon close: Miners bolster equities as copper and oil prices rally
22nd Feb 2016 16:05
(ShareCast News) - The FTSE 100 ended on a high note as oil and metals´ prices extended their recent rally, giving mining stocks a boost. Miners Glencore, BHP Billiton, Antofagasta and Rio Tinto registered gains as copper prices jumped 2.07% and oil prices rose after the rich world's oil watchdog
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreMonday broker round-up
15th Feb 2016 18:27
(ShareCast News) - Hargreaves Lansdown: Shore Capital upgrades to buy. Antofagasta: Peel Hunt Limited downgrades to hold with a target price of 425p. Atkins: Citigroup upgrades to neutral with a target of 1160p, from 1120p. Hays: HSBC upgrades to buy with a 155p target. IAG: Bank of America upgra
Read morePeel Hunt downgrades Antofagasta, but shares up on copper rebound
15th Feb 2016 11:19
(ShareCast News) - Peel Hunt has downgraded Antofagasta to 'hold' from 'buy', yet shares in Chilean miner rose after copper prices rebounded to $4500/t. The broker said it could still see upside to the shares, but set its target price at 425p, below its discounted cash flow valuation of 494p. For t
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
Read moreAntofagasta slumps on Goldman Sachs downgrade
9th Feb 2016 09:23
(ShareCast News) - Antofagasta was under pressure on Tuesday after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower copper price forecasts. The GS commodities team forecasts full year 2016/17/18 copper prices of $4,340/4,
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