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Enter Symbol:
 
Antofagasta plc (ADR) (ANFGY) [hlAlert]

Rating:
Underweight
ANFGY
up 15.74 %

Antofagasta plc (ADR) (ANFGY) rated Underweight by HSBC Securities

Posted on: Friday,  Oct 12, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Antofagasta plc (ADR) (OTCBB: ANFGY) on 10/12/2012, when the stock price was $41.25. Since then, Antofagasta plc
(ADR) has lost 13.60% of its value until HSBC Securities rated ANFGY Neutral on 02/08/2013, when the price was $35.64.
If you would have followed this HSBC Securities's recommendation on ANFGY, you would have gained 15.74% of your investment in 119 days.

Antofagasta plc (Antofagasta) is a Chile-based copper mining company with interests in transport and water distribution. The Company is a holding company that operates through its subsidiaries. The principal activities of the Company are copper mining (including exploration and development), the transportation of freight by rail and road and the distribution of water. Its activities are mainly concentrated in Chile, where it owns and operates three copper mines with a total production, during the year ended December 31, 2009, of 442,500 tons of copper in cathode and concentrate and 7,800 tons of molybdenum in concentrate. The Company?s segments include Los Pelambres, El Tesoro, Michilla, Esperanza, Exploration and evaluation, Railway and other transport services, Water concession and Corporate and other items.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/17/2013 8:25 AM Buy
None
28.74
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 8:25 AM Hold
None
35.64
10/12/2012 8:25 AM Sell
None
41.25

(*) Stock Price at the time of the recommendation.
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