Antofagasta Share Discussion Threads

[philanderer] 12/3/2010 12:23

diku, like everyone they all have their own agendas ;-)

[diku] 12/3/2010 10:45

Notice the China. Go via Bolton fund heavily advertising in the media print with ISA season in full swing!!...

[diku] 12/3/2010 10:07

phil...I guess 95% of recommendations now are buys or overweight having had such a rally from lows only 12months ago..what does that tell us on these brokers?...

[philanderer] 11/3/2010 12:53

Trouble with Deutsche is it`s cut it`s target price !!

"Antofagasta also upgraded to hold from sell at Deutsche, target cut to 900p from 1050p."

[broadwood] 11/3/2010 12:50

Thought I'd hop on this today with big beast Goldman's setting a price target of 50% higher than the current price.

[diku] 11/3/2010 10:50

Goodmans inflating one big bubble within the sector!...

[philanderer] 11/3/2010 09:21

Couple of broker upgrades this morning.

Deutsche moving from 'sell' to 'hold', but the main one being....

Goldman Sachs moving from 'buy' to 'conviction buy' and increasing target price from 1373p to 1580p

[philanderer] 10/3/2010 22:37

Citigroup reiterating their 'buy' stance for ANTO today with a 1075p TP

[philanderer] 10/3/2010 09:00

Indepedent newspaper

"Investment Column: Hold on to resilient miner Antofagasta"

[philanderer] 09/3/2010 22:53

Daily Telegraph

Questor share tips: "Antofagasta's cash makes it a copper-bottomed play"

Antofagasta Questor says BUY



Investors Chronicle:

"With its strong balance sheet and large and deliverable production growth, Antofagasta looks the pick of the London-listed copper plays. But many analysts expect copper prices to pull back, potentially sharply, in the near term. Fairly priced."

[diku] 03/3/2010 16:14

Is 1000p a done deal here..

[mattybuoy] 27/2/2010 17:29

No prizes for guessing which way this is going on Monday ...

[omalaha] 21/2/2010 20:46

Says it all really....everythings just cheese...

[grgkecer] 19/2/2010 07:13

Ormonde Mining plc

Update on Joint Venture Activities with Antofagasta at La Zarza

[chillwill] 16/2/2010 10:35

hybrid07 - well a large portion of the ftse is made up with mines so you could say its the mines that move the ftse or the ftse that moves the mines.

Anto beta is currently 1.39, meaning every 1% move in the market moves anto on average 1.39%.

Although if you look at the price from march last year, most mines are running a beta of 2+ (which won't be forever).

dnfa1975 - isn't copper meant to be one of the main drivers of a bear market rally? I'd expect it to carry on up in the future (especially in dollar terms), but in near term a correction is due / underway.

[hybrid07] 13/2/2010 19:52

As far as I can see this stock is incredibly well-correlated with the FTSE, but when the FTSE moves by 1% it moves by 3% i.e. its more volatile

[dnfa1975] 13/2/2010 10:19

Copper, the metal with the Ph. D. in economics, has retreated some 12% over the last 4 weeks. Possible causes include: 1) slowing economic growth; 2) withdrawal of stimulus money worldwide especially in China; 3) supply demand imbalances; and 4) bubble dynamics that has seen excessive speculation in the metal.




Now this article courtesy of Bloomberg and Trader Mark at FundMyMutualFund blog: "Copper Market Set For 'Catastrophe', says Threlkeld". David Threlkeld is president of metals trader Resolved, Inc, and apparently he gained notoriety in 1996 by calling the top in copper. He believes that similar dynamics - excessive supply and speculation -- exist in the current copper market that could lead to prices dropping over 50% from the current levels.