Canaccord analyst Dalton Baretto lowered the firm’s price target on First Quantum Minerals to C$34 from C$37 and keeps a Buy rating on the shares. The analyst said while Q4 was a strong production quarter the three-year guidance is generally weaker than he anticipated. He said in general, management appears to be taking a conservative view given the challenges faced on both the production and the cost side in 2022.
Published first on TheFly
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