JPMorgan upgraded First Quantum Minerals (FQVLF) to Neutral from Underweight with a price target of C$37, up from C$28. The firm sees upside risks to 2027 and 2028 estimates if an earlier agreement to restart Cobre Panama can be achieved. Argentina is emerging as the “next major frontier” for copper development globally, the analyst tells investors in a research note.
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Read More on FQVLF:
- First Quantum Minerals price target raised to C$48 from C$47 at Canaccord
- First Quantum Minerals price target raised to C$41 from C$40 at Deutsche Bank
- First Quantum Minerals price target lowered to C$47 from C$48 at Scotiabank
- First Quantum Minerals price target lowered to C$37.70 from C$40 at Morgan Stanley
- Buy Rating on First Quantum: Improving Cobre Panama Restart Outlook and Deep Value Upside