Antofagasta upgraded to Buy from Hold at Canaccord

Core Viewpoint - Canaccord upgraded Antofagasta (ANFGF) to Buy from Hold with a price target of 4,750 GBp, an increase from the previous target of 4,100 GBp, indicating a positive outlook for the company based on current market conditions [1] Summary by Category Company Upgrade - Canaccord has raised its rating on Antofagasta from Hold to Buy, reflecting increased confidence in the company's performance [1] - The new price target of 4,750 GBp suggests a significant potential upside from the current levels [1] Market Conditions - Current spot pricing for copper indicates that further upgrades for copper miners are likely as the market approaches Q2 [1]