Canaccord analyst Dalton Baretto yesterday upgraded First Quantum Minerals (FQVLF) to Buy from Hold with a price target of C$23, up from C$20. The “chaotic nature” of current U.S. trade policy directives “masks significant opportunities ahead for all metals, but particularly copper,” the analyst tells investors in a research note. The firm believes a defensive posturing makes sense for 2025.
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Read More on FQVLF:
- First Quantum Minerals: Growth Potential Driven by Cobre Panama and Strategic Expansion
- First Quantum Minerals reinstated with an Outperform at BMO Capital
- First Quantum Minerals upgraded to Buy from Hold at Canaccord
- First Quantum Minerals price target lowered to C$19.40 at Morgan Stanley
- First Quantum Minerals price target lowered to C$21 from C$21.50 at Scotiabank
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