(Reuters) - Cazenove said it downgraded mining companies Anglo American Plc. to "in-line" and Antofagasta Plc. to "underperform", but raised BHP Billiton Plc. to "outperform".
The brokerage said the Anglo American downgrade is based on the fact that the stock is now trading on a 25 percent premium to its peers BHP Billiton and Rio Tinto Plc. on 2008 estimated earnings.
Read more at Reuters Africa
The brokerage said the Anglo American downgrade is based on the fact that the stock is now trading on a 25 percent premium to its peers BHP Billiton and Rio Tinto Plc. on 2008 estimated earnings.
Read more at Reuters Africa
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