Scotiabank analyst Orest Wowkodaw maintained a Hold rating on Antofagasta on July 16. The company’s shares closed yesterday at p3,588.00.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.
Wowkodaw covers the Basic Materials sector, focusing on stocks such as Altius Minerals, Champion Iron, and First Quantum Minerals. According to TipRanks, Wowkodaw has an average return of 20.5% and a 55.33% success rate on recommended stocks.
In addition to Scotiabank, Antofagasta also received a Hold from Barclays’s Ian Rossouw CFA in a report issued on July 16. However, yesterday, Morgan Stanley maintained a Sell 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
