Advertisement
UK markets close in 7 hours 8 minutes
  • FTSE 100

    8,116.34
    +37.48 (+0.46%)
     
  • FTSE 250

    19,768.63
    +166.65 (+0.85%)
     
  • AIM

    755.43
    +2.31 (+0.31%)
     
  • GBP/EUR

    1.1651
    -0.0006 (-0.05%)
     
  • GBP/USD

    1.2519
    +0.0008 (+0.06%)
     
  • Bitcoin GBP

    51,450.34
    +201.03 (+0.39%)
     
  • CMC Crypto 200

    1,387.35
    -9.19 (-0.66%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    83.84
    +0.27 (+0.32%)
     
  • GOLD FUTURES

    2,359.10
    +16.60 (+0.71%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,675.82
    +391.28 (+2.26%)
     
  • DAX

    18,030.48
    +113.20 (+0.63%)
     
  • CAC 40

    8,040.98
    +24.33 (+0.30%)
     

BUZZ-Antofagasta: Near 6-yr lows after cutting production forecast

** Copper miner's shares down 2 pct, second-largest loser on FTSE 100 after cutting its FY production guidance and saying H1 production fell 12.9 pct

** Co sees production of 665,000 tonnes in 2015, down from 695,000 tonnes earlier; production guidance had also been cut in April

** Stock near 6-yr lows as copper prices have also weighed in recent months, top loser on the Stoxx 600 Basic Resources Index

** Copper prices hit 6-yr lows on Monday, but jumped on Wednesday as short sellers rushed to cover their positions

** Numis -- rated 5 stars for recommendation accuracy on co, according to Starmine -- says stock trading at "pricey" valuation; stock is at 18.7 pct premium to its peers' median 12 mth forward P/E ratio according to ThomsonReuters data (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)