In separate reports released yesterday, RBC Capital analyst Ben Davis maintained a Buy rating on Glencore with a p650.00 price target and a Sell rating on Antofagasta with a p3,400.00 target. Davis covers the Basic Materials sector, including Rio Tinto, Glencore and Vale SA. TipRanks lists him as a 5-star analyst with an average return of 18.0% and a 56.45% success rate on recommended stocks. Both companies have a Moderate Buy broader analyst consensus: Glencore’s consensus price target is p677.50, while Antofagasta’s is p3,914.44. For the quarter ended June 30, Glencore reported p172.97 billion in revenue and p4.37 billion in net profit, compared with p117.4 billion in revenue and a GAAP net loss of p655 million a year earlier. Antofagasta reported p4.48 billion in revenue and p847.3 million in net profit, up from p1.9 billion in revenue and p260.8 million in net profit a year earlier.