01:10 AM EDT, 07/07/2025 (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 CAD6 to CAD29, using an EV/EBITDA of 8.7x our 2026 EBITDA estimate, a multiple that is a discount to FM's three-year average forward EV/EBITDA of 9.3x, but in line with the peer-group average of 8.6x. We raise our 2025 EPS estimate by USD0.15 to USD0.16 and our 2026 EPS forecast by USD0.17 to USD0.86. FM has started exporting over 33,000 metric tons of stranded copper concentrate from its mothballed Cobre Panama mine, which is coinciding with record copper prices. The total stockpile is around 120,000 metric tons that has been locked up since the court-ordered shutdown in late 2023. This release will generate critical revenue to fund maintenance and environmental protection, and we think this signals constructive engagement with the Panamanian government. Recent news, including the halted arbitration hearings, is positive and could pave the way for the mine to reactivate in the coming years.