Company
First Quantum Minerals
TSE:FQM
First Quantum Minerals is a growing mining and metals company whose principal activities include mineral exploration, development and mining. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid.
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Today's Market Update - China moves to subdue commodity prices as NPC sets 3% inflation target
SP Angel . Morning View . Friday 10 03 23 China moves to subdue commodity prices as NPC sets 3% inflation target MiFID II exempt information – see disclaimer below TSX:FQM – Cobre Panama copper mine ramping up following agreement with gover
First Quantum Minerals is a 'Buy', says broker Stifel GMP, despite cost pressures and lowered full year output guidance
In the third quarter to end September, First Quantum reported adjusted earnings of $0.14 a share, which was broadly in line with the Wall Street consensus of $0.15 a share
Base metals prices and producers to have muted 3Q, say Stifel analysts; Buy ratings maintained on nine Canadian miners
Inflation and oversupply could affect some metals, while nickel prices are forecast to go higher due to EV demand
Base metal price weakness should be short-lived; likely to see demand bounce amid green energy transition, reckons Stifel GMP
Previewing second quarter (to end June 2022) metals prices and miners' earnings, the broker noted that prices had consistently moved south since the highs of the first quarter due to macro-economic trends
Jefferies likes copper and energy metals for 2022, but not coal or iron ore
Risks to the downside are COVID and inflation, but the broker is broadly bullish