Articles Tagged "TSX:FM"

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.