Analyst Research Report Snapshot

Title:

Peel Hunt: Antofagasta (Buy) - Profitable growth with copper price upside

Price:

$207.00

Provider:

Peel Hunt

Date:

31 Jan 2014

Pages:

19

Type:

AcrobatPDF

Companies referenced:

ANTO.L

Available for Immediate Download
Summary:

Profitable growth with copper price upside Antofagasta offers investors strong cash generation, a healthy dividend and leveraged exposure to the copper market where current prices remain buoyant and sustained copper prices at these levels would likely result in an upgrade to our forecast and target price. Expansion opportunities offer stable profitable growth with a healthy margin of safety and operating cost exposure to the Chilean Peso is likely to be a tailwind in the near term. We initiate coverage on Antofagasta with a Buy recommendation and a target price of 982p. Maurice.Mason@peelhunt.com Michael.Stoner@peelhunt.com

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