Tiger Brokers

BUZZ-Scotiabank expects mining companies to post diverging Q2 results

Reuters
Jul 08, 2025
BUZZ-Scotiabank expects mining companies to post diverging <a href="https://laohu8.com/S/QTWO">Q2</a> results

** 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;))

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