Antofagasta target price lifted on copper upside

Amerigo MVC plant ramp-up on course

amerigo resources

The bank increased the target price to £11 (US$14.47) per share from the previous £10/share and also retained the "outperform" rating, noting that copper was still one of its favoured commodities and, as a copper pure play, Antofagasta was poised to benefit from the upside seen in the commodity.

Antofagasta's share price fell 27% from the start of 2018 to a year-to-date low of £7.27/share on October 24, but has rec...