Added to YB: 2025-01-27
Pitch date: 2025-01-20
FM.TO [bullish]
First Quantum Minerals Ltd.
+68.06%
current return
Author Info
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Company Info
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties.
Market Cap
CAD 16.7B
Pitch Price
CAD 19.79
Price Target
30.00 (-10%)
Dividend
N/A
EV/EBITDA
13.57
P/E
83.96
EV/Sales
4.83
Sector
Metals and Mining
Category
special_situation
Event-driven play in copper - First Quantum Minerals Ltd.
FM.TO: Copper miner w/ closed Panama mine (40% rev). Election catalyst May 5. Molino win may reopen. Trades at NAV ($3.5/lb Cu). Cheap vs peers. Strong balance sheet. ICC lawsuit. China's Jiangxi owns 22%. Copper deficit bullish. Entry now, add on dips. 18-24mo horizon. 8-10% portfolio. $30 PT.
Read full article (11 min)