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First Quantum Minerals Has A ‘Key Wildcard,’ Why This Analyst Is Turning Bullish

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Canadian miner First Quantum Minerals (OTC: FQVLF)(TSE: FM) reported its fourth-quarter and full-year results in mid-February.

The recent financing package and increase to covenant give the company some breathing room to focus on S3 expansion at Kansanshi and recover value in Panama, according to RBC Capital Markets.

The First Quantum Minerals Analyst: Sam Crittenden upgraded the rating for First Quantum Minerals from Sector Perform to Outperform, while raising the price target from C$17 ($12.53) to C$18 ($13.27).

The First Quantum Minerals Thesis: The S3 expansion at Kansanshi can take …

Full story available on Benzinga.com

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