Scotiabank expects mining companies to post diverging Q2 results
ReutersJul 8, 2025 10:37 AM
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% |
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