Articles Tagged "First Quantum Minerals"

TSX Bounces Back Thanks in Part to Mining Industry Gains

The S&P/TSX Composite index bounced back Friday after taking a hit Thursday. The decline came after less-than-impressive quarterly results from a number of companies prompted investors to take a step back.

Zambia Won’t Raise Mining Royalty to 20 Percent

Copper – Roughly four months after Barrick Gold halted operations at its Lumwana mine in Zambia due to higher royalties in the country, the government is set to change its decision on the royalty hike. Zambia’s cabinet has approved a proposal to drop the rate increase, according to a report from Bloomberg.

Morgan Stanley Copper Price Outlook

Copper – The copper price has started to bounce back from its drastic fall at the start of the year, climbing more than 6 percent over the past month. However, Morgan Stanley has cut its 2015 price forecast for the metal by roughly 16 percent, to $5,945 per tonne, on the back of lackluster demand from China.

CIBC Analyst Gives First Quantum C$28 Target Price

Copper – In a research note put out out on Monday, Tom Meyer, base metals & minerals analyst at CIBC World Markets, gave First Quantum Minerals (TSX:FM) a "sector outperformer rating" and a 12 to 18 month target price of C$28 per share. Meyer cited better than expected operating costs and the fact that development projects are staying on schedule as positive news for the company.