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LON100:ANTO, Jul 18, 11:48 UTC

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Antofagasta (OTCMKTS:ANFGY) Stock Rating Lowered by Macquarie – Slater Sentinel

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Antofagasta (OTCMKTS:ANFGY) was downgraded by equities research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, July 9th, The Fly reports. Liberum Capital upgraded shares of to a “hold” rating and set a GBX 840 ($10.98) price target for the company in a research note on Wednesday, June 12th. Finally, Peel Hunt reiterated a “hold” rating on shares of Antofagasta in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock.

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Antofagasta’s (ANTO) “Hold” Rating Reaffirmed at Deutsche Bank – Sundance Herald

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Deutsche Bank reissued their hold rating on shares of Antofagasta (LON:ANTO) in a research report sent to investors on Tuesday, Digital Look reports. Deutsche Bank currently has a GBX 930 ($12.15) price target on the mining company’s stock. Citigroup increased their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the company a buy rating in a report on Monday, March 25th. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 1,000 ($13.07) target price on shares of Wandisco in a report on Wednesday, June 26th.

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Is the 0.119554 Return on Capital for Antofagasta plc (ANTO.L) Enough? – Gracemont Gazette

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Taking a deep dive into the Return on Invested Capital (aka ROIC) for Antofagasta plc (ANTO.L), we see that the number stands at 0.119554. Trading the stock market can sometimes feel like a wild roller coaster ride. When stocks are soaring, investors may feel like they can’t lose. When markets are sinking, investors may feel like there is nothing that they can do. Watching some historical volatility numbers on shares of Antofagasta plc (ANTO.L), we can see that the 12 month volatility is presently 35.2839. In the original edition of ‘What works on Wall Street’, O’Shaughnessy wrote that the single-best value factor was a company’s price-to-sales ratio (P/S).

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Tuesday, July 16


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Antofagasta’s (ANTO) “Hold” Rating Reiterated at Peel Hunt – Tech Know Bits

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Antofagasta (LON:ANTO)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a research note issued to investors on Tuesday, July 9th, ThisIsMoney.Co.Uk reports. They presently have a GBX 935 ($12.22) price objective on the mining company’s stock, up from their prior price objective of GBX 920 ($12.02). Goldman Sachs Group upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and raised their price objective for the company from $207.00 to $232.00 in a research note on Thursday, April 11th. Antofagasta currently has a consensus rating of “Hold” and an average price target of GBX 905 ($11.83).

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Antofagasta (LON:ANTO) Receives Hold Rating from Deutsche Bank – Mayfield Recorder

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Antofagasta (LON:ANTO)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report released on Tuesday, ThisIsMoney.Co.Uk reports. Goldman Sachs Group raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and upped their price target for the company from $207.00 to $232.00 in a research report on Thursday, April 11th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 905 ($11.83).

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Monday, July 15


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Barrick and Antofagasta Win $5.8 Billion Pakistan Ruling

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(Bloomberg) -- A Barrick Gold Corp. and Antofagasta Plc joint venture was awarded $5.8 billion in damages from Pakistan over a disputed mining license, though the copper and gold project remains a long way from development. “I think, at the end of the day, Reko Diq will be developed,” Barrick Chief Executive Officer Mark Bristow said, referring to the Pakistan deposit. An international tribunal run by the World Bank ordered Pakistan to pay the global mining giants after the country denied them a license to develop the copper and gold deposit in 2011. A feasibility study conducted before the 2011 standoff began showed Reko Diq to be one of the largest undeveloped copper and gold deposits in the world, capable of producing 200,000 tons of copper and 250,000 ounces of gold a year for more than half a century.

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Antofagasta for ‘negotiated settlement’ after winning $6b from Pakistan

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Antofagasta for ‘negotiated settlement’ after winning $6b from PakistanShareNext Story >>>. The Tribunal also awarded TCC just under $62 million in costs incurred in enforcing its rights.Analysts at Investec said on Monday: "This is positive news for Antofagasta on an all but forgotten project, but one that obviously cannot be fully relied on until the money is in the bank. "Tethyan was unexpectedly denied a mining lease for the Reko Diq project, one of the world's biggest undeveloped copper and gold projects, in 2011 following protests from locals. The tribunal ruled that it was unlawful to deny the lease, and four billion dollars of the payout relates to the value of the project and lost interest.Tethyan chairman William Hayes said: "We remain willing to discuss the potential for a negotiated settlement with Pakistan and will continue to protect our commercial interests and legal rights until the conclusion of this dispute. "Pakistan said it was disappointed but would be willing to continue discussions. A spokesman said: "The government of Pakistan welcomes this approach to work towards a mutually beneficial solution that works for both sides." Pakistani news channel reported that Pakistan will appeal against the decisions but a spokesman of Antofagasta told The News here that the award was binding on both sides and there are limited grounds for challenging the award under the ICSID Convention.

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UPDATE 2-Chinese data, Antofagasta help FTSE 100 end longest losing streak in years

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July 15 (Reuters) - London's FTSE 100 clawed back some ground on Monday, ending its longest losing streak in three-and-a-half years as Chinese data eased investor concerns over a global growth slowdown. After seven sessions of losses, the FTSE 100 rose 0.3%, with miner Antofagasta surging after a favourable arbitration verdict. The data from China showed industrial output and retail sales comfortably topping forecasts, but economic growth slowed to its weakest pace in at least 27 years. Antofagasta jumped 4% after a World Bank tribunal ordered Pakistan to pay damages of $5.8 billion to Tethyan Copper, a joint venture between the company and Barrick Gold , in a dispute over a copper mine.

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FTSE 100 rises on China data, Antofagasta

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(Reuters) - London's FTSE 100 rose on Monday after seven sessions in the red as upbeat industrial output and retail sales data from China signalled a steadying economy, while miner Antofagasta surged after its joint venture won an arbitration award. The FTSE 100 <.FTSE> inched higher by 0.2% as at 0707 GMT, with the midcaps <.FTMC> also rising by the same level. Industrial output and retail sales data in China comfortably topped forecasts, but economic growth slowed to its weakest pace in at least 27 years. Antofagasta <ANTO.L> jumped 5% after a World Bank tribunal ordered Pakistan to pay damages of $5.8 billion to Tethyan Copper, a JV between the company and Barrick Gold <ABX.TO>, in a dispute over a copper mine.

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Antofagasta (LON:ANTO) Rating Reiterated by Peel Hunt – Trent Times

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Antofagasta (LON:ANTO)‘s stock had its “hold” rating reaffirmed by stock analysts at Peel Hunt in a research note issued on Monday, ThisIsMoney.Co.Uk reports. Citigroup upped their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Antofagasta currently has a consensus rating of “Hold” and a consensus target price of GBX 905 ($11.83).

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