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Bank earnings lift markets to highsU.S. inflation declines, stocks rallyNew York and Toronto rip higherThis summary was created by AI, based on 8 opinions in the last 12 months.
The experts' reviews indicate a high level of uncertainty and risk surrounding First Quantum Minerals, particularly regarding its Panama mine. There are concerns about the company's geopolitical problems and the impact of the change in government in Panama. While some experts see potential for the mine to come back online and create value for the company, others view it as too risky for investors. Overall, the reviews suggest a cautious approach to investing in First Quantum Minerals due to the significant uncertainties and geopolitical risks involved.
Even with change of government in Panama, still black or white Vegas-type bet as to whether the mine will come back on. Wouldn't buy. He'd look at other copper names where it's "when" not "if". Speculative. He owns it, bought it way cheaper, wouldn't buy at these levels.
Copper's had an incredible run, plus new Panaman president will reopen negotiations. His analysts assume it'll come back online in 2026. If not, look out. Once bit, twice shy, too much uncertainty. Risk/reward too risky.
Good assets, but very serious geopolitical problem. At whim of politicians. If you own, worth a lot if they can get it sorted out. He owned, but got stopped out. Higher risk than what he wants to be involved in.
The concern is on its mine in Panama and what the government will do. There is an election coming up and there could be a compromise on the opening of the mine. With First Quantum and Franco Nevada both having a stake in this mine there is basically a free option based on the price of their shares. Both companies have upside at this price.
He hasn't owned mining companies in a very long time. Shocking to see what's happened to FM with that mine, as it's a great asset. Shows how risky it is to invest in foreign countries outside NA.
ABX knows how to allocate capital very well. If he were interested in a mining company, this would be the one, as the CEO certainly knows what to do. Eventually, the FM mine has to be up and running. If ABX can run it properly, there's a lot of value that can be created.
Small companies can't exist anymore in this new age of mining, oil/gas. We're going to see a lot of M&A.
Too risky for investors. Panama has lots of geopolitical risk. Better options for copper investors. Unsure whether company will survive without operations in Panama.
We think the market has effectively now written off the mine, so any good news at all would have an amplified positive effect on the stock. But we doubt an agreement is going to be reached. FM is likely going to breach some debt covenants, but it is not in creditors' interest to force anything on the company. It has other assets, and has lots of short term liquidity. We would not expect bankruptcy here, though financial risks have indeed increased, and creditors can be difficult at times. There is still a question of environmental costs in Panama, and whether FM can capture any damages from the government. Fair value is likely $8 to $12, assuming no other negative news. That being said, the mine accounted for about 5% of world copper production. Copper potential goes into a global supply deficit, from a surplus, with any economic strength. Thus, FM's other assets might see some benefit even from its disaster in Panama.
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There comes a downside point when you have to decide whether to sell it all or, if your conviction is still there, to double up. No sense sitting around if your viewpoint's changed or if you have a higher conviction. Constitutional challenges in the courts in Panama, winding down operations, so it's quite a material issue.
Move on to something with more visibility that lets you sleep at night. Why fight this uphill battle? This is not a technical mining issue. Company can't control the social, political, or judicial outcomes.
Too much political uncertainty to justify investment. Good for tax loss sellers. Too risky to justify investment.
Steer clear, despite dramatic drop. Lots of news yet to unfold. You don't know what you're getting. Panama mine represents 60% of company's value. Look for mining in a friendlier jurisdiction.
Really likes copper stocks for this year, poised to perform. Took out November-December highs. Next target is June 2022 highs, around $40-41. Based, took a leg higher, consolidated, broke out.
Copper is in such tight supply. It's needed for the green revolution and de-carbonization. New 20-year agreement resolves a lot of recent issues and drama. Reasonable 14.6x 2024 for an estimated 38% EPS growth rate. If we don't have a soft landing, this name will misfire. When, not if, we have a soft landing, this name will really participate. More of a satellite holding, not core. Yield is 0.79%.
(Analysts’ price target is $32.02)First Quantum Minerals is a Canadian stock, trading under the symbol FM-T on the Toronto Stock Exchange (FM-CT). It is usually referred to as TSX:FM or FM-T
In the last year, 6 stock analysts published opinions about FM-T. 2 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Quantum Minerals.
First Quantum Minerals was recommended as a Top Pick by on . Read the latest stock experts ratings for First Quantum Minerals.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered First Quantum Minerals In the last year. It is a trending stock that is worth watching.
On 2024-12-06, First Quantum Minerals (FM-T) stock closed at a price of $20.39.
Lots of uncertainty with its Panama mine, and the issue is at an international tribunal. But that's the risk of the mining business. He prefers and owns HBM in his global equity growth fund.