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First Quantum Price Target Raised to $29.00 from $28.50 by National Bank of Canada

BY MT Newswires | ECONOMIC | 08/13/25 11:06 AM EDT

11:06 AM EDT, 08/13/2025 (MT Newswires) -- First Quantum Minerals' (FQVLF) price target increased to C$29.00 from C$28.50 at National Bank of Canada, according to a note published Tuesday.

The price target increased after incorporating First Quantum's US$1 billion in proceeds from the sale of a gold stream from its Kansanshi mine in Zambia, as well as the company's US$1 billion debt refinancing.

National Bank said its outlook for First Quantum remains positive, citing several near-term catalysts including further non-core asset sales, positive developments at Cobre Panama, and increased gold production at Kansanshi throughout 2026 and beyond.

Price: 23.73, Change: +0.05, Percent Change: +0.21

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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