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Analysts change Antofagasta stock recommendation ahead of ex-dividend date
April 29, 2013 - 14:12 GMT
Analysts at Investec have put out a reduce recommendation on Antofagasta shares as its ex-dividend date approaches.
The stock recommendation from sell to reduce is a week
before the date that Antofagasta will pay out nearly
$900 million to shareholders. The ex-dividend date is on May 8,
the analysts said, and the payment to shareholders will be made
up of the final dividend of 12.5 cents per share and the
special dividend of 77.5 cents per share. "We have updated our
commodity price assumptions, with lower near-term prices
reducing our [target price] to 892 pence [$13.80] per share
from 934 pence per share," they said in a...
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Euromoney Institutional Investor PLC.
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