Research Alert: CFRA Maintains Buy Opinion On Shares Of First Quantum Minerals

fidelity
2025.11.02 18:00
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CFRA maintains a Buy opinion on First Quantum Minerals, raising the 12-month target to CAD34. They trimmed the 2025 EPS estimate to USD0.04 but kept the 2026 forecast at USD0.88. Q3 copper production rose 15% to 104,626 tonnes, aided by the Kansanshi S3 expansion. The company improved its balance sheet with a USD1B gold stream and debt refinancing, reducing net debt to USD4.8B and increasing liquidity to USD2.3B, enhancing financial flexibility.

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