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

3 Months Gains
down 34.82 %

Antofagasta plc (ADR) (ANFGY) upgraded to Overweight by HSBC Securities

Posted on: Thursday,  Oct 17, 2013  8:25 AM ET by HSBC Securities

Antofagasta plc (ADR) (OTCBB:
ANFGY) upgraded to Overweight by HSBC Securities.

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
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  20.19 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 8:25 AM Hold
10/12/2012 8:25 AM Sell

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