CIBC raised the firm’s price target on First Quantum Minerals (FQVLF) to C$36 from C$26 and keeps a Neutral rating on the shares. CIBC upped price targets in the sector to reflect its higher gold price forecasts. It now sees $4,500 per ounce in in 2026 and 2027. CIBC also upped its silver forecasts to $55 per ounce in 2026 and 2027. Given the recent run in gold price and corresponding stock outperformance year-to-date, “some of these revisions are a catch-up,” the analyst tells investors in a research note.
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Read More on FQVLF:
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