I can't complain about First Quantum's (OTCPK:FQVLF) (FM.TO) (FQM.L) performance since my Top Idea write-up
in December of 2013, as the shares have risen almost 50%. First Quantum
is far from the only base metal miner to do well over that stretch, as
others like Hudbay Minerals (NYSE:HBM), Lundin (OTCPK:LUNMF), and Kazakhmys (OTCPK:KZMYY)
have also done quite well. Even so, I love the company's ambitious
plans to grow its way into the top ranks of global copper and nickel
producers, as well as its demonstrated excellence in bringing mines into
production on-schedule and close to budget.
I do believe that
First Quantum is in a stronger position than it was eight months ago,
but not nearly so strong enough to offer the same sort of bargain. I've
moved my fair value estimate up a bit, but First Quantum looks more like
a growth-oriented "hold" than a strong buy at this point.
Continue reading here:
First Quantum Minerals Shooting For The Top
No comments:
Post a Comment