Government will compensate 600 farmers affected by collapse of Las Mercedes canal

The Minister of Agriculture, Antonio Walker, announced a compensation bonus for at least 600 farmers in the communes of Curacaví and María Pinto. These areas were affected by the collapse of one of the tunnels of the Las Mercedes canal, which resulted in the interruption of the normal flow of water in at least 16,000 hectares of crops. The bond will depend on the size of the affected land.

Banco De Chile: Consesnus indicates potential 7% upside

Banco de Chile now have 9 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 23 and 16.9 with a mean TP of 20.16. Given that the stocks previous close was at 20.01 this would imply there is a potential upside of 7%. The 50 day MA is 18.05 and the 200 day MA is 17.56. The company has a market capitalisation of $9,990 million.