In a report released yesterday, Ben Davis from RBC Capital maintained a Sell rating on Antofagasta, with a price target of p2,700.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Davis covers the Basic Materials sector, focusing on stocks such as Ecora Royalties PLC, Rio Tinto, and Valterra Platinum Limited. According to TipRanks, Davis has an average return of 15.4% and a 54.21% success rate on recommended stocks.
In addition to RBC Capital, Antofagasta also received a Sell from Morgan Stanley’s Ioannis Masvoulas in a report issued yesterday. However, on July 16, UBS maintained a Hold rating on Antofagasta (LSE: ANTO).
Based on Antofagasta’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p4.84 billion and a net profit of p811.18 million. In comparison, last year the company earned a revenue of p3.66 billion and had a net profit of p569.8 million
