** Scotiabank anticipates miners to post relatively mixed Q2 financial results, driven by diverging commodity prices and varied operating performances
** Brokerage expects investors to also focus on potential negative guidance revisions and select mine ramp-up updates
** Adds that Cameco Corp CCO.TO, Freeport-McMoRan FCX.N, First Quantum Minerals FM.TO and Lundin Mining LUN.TO appear relatively well positioned heading into the Q2 print
Brokerage also changes price target on the following companies:
Company | New PT | Old PT | Upside to stock's last close |
Cameco Corp CCO.TO | C$100 | C$95 | 0.4% |
Ero Copper ERO.TO | C$25 | C$26 | 10.3% |
First Quantum Minerals FM.TO | C$26 | C$24 | 3.7% |
Champion Iron CIA.TO | C$5 | C$5.50 | 26.2% |
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.