11:05 AM EDT, 07/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by CAD2 to CAD31, assuming an EV/EBITDA of 8.5x our 2026 EBITDA estimate, which is a discount to FM's three-year average forward EV/EBITDA of 9.5x but higher than the peer-group average of 7.9x. We trim our 2025 EPS estimate by USD0.04 to USD0.12 but raise our 2026 EPS forecast by USD0.02 to USD0.88. FM posts Q2 adj. EPS of USD0.02 vs. a loss per share of USD0.02, USD0.06 better than consensus, driven by a revenue beat of 11%. The strong Q2 results demonstrate FM's operational resilience and financial discipline during a challenging transition period. Revenue of USD1.226 billion exceeded expectations despite lower copper production, supported by higher realized gold prices and the successful export of copper concentrate from Cobre Panama. We view the Kansanshi S3 expansion as a transformational catalyst that will drive meaningful production growth and margin expansion beginning in H2 2025. The project is at 91% construction completion and on-budget.