Scotiabank expects mining companies to post diverging Q2 results
08/07/2025 11:37
** 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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