Anglo American and Antofagasta lower after downgrade by Canadian investment bank
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RBC Capital Markets has downgraded Anglo American and Antofagasta, citing challenges in the mining sector. Anglo American's rating was cut to 'underperform' with a reduced price target.
January 15, 2025 | 1:30 pm
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RBC Capital Markets downgraded Anglo American to 'underperform' with a lower price target, indicating potential short-term pressure on the stock.
The downgrade by RBC Capital Markets to 'underperform' suggests a negative outlook, likely leading to short-term selling pressure on Anglo American's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80