Home > News > Germany

Citigroup ups Antofagasta, Ferrexpo, Norsk Hydro

Monday, Nov 09, 2009
点击:
LONDON (MarketWatch) -- Citigroup raised its stance on copper miner Antofagasta /quotes/comstock/23s!a:anto (UK:ANTO 853.50, +13.50, +1.61%) , iron ore miner Ferrexpo /quotes/comstock/23s!e:fxpo (UK:FXPO 160.20, +5.10, +3.29%) and aluminium producer Norske Hydro /quotes/comstock/29r!nhy (NO:NHY 38.45, -0.26, -0.67%) to buy on Friday, a move it said reflects an upgrade of mining-sector cyclical laggards. "Commodity price and earnings momentum are slowing. We screen for a combination of lagging performance, valuation, volume growth and potential internal catalysts," the broker said. "We now take a short-term preference for the bulks and also turn more positive on aluminium following recent underperformance," it added. Antofagasta shares rose 1%, Ferrexpro shares climbed 2.3% and Norsk Hydro shares rose 1.2%.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......