Kansanshi S3 Expansion And Cobre Panamá Restart Will Drive Stronger Long Term Copper Output

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

04 Dec 25

Updated

26 Jun 26

Views

131

26 Jun

CA$38.74

AnalystConsensusTarget's Fair Value

CA$47.06

17.7% undervalued

60.1%

-0.7%

60.1%

-0.7%

Author's Valuation

CA$47.0617.7% undervalued

AnalystConsensusTarget Fair Value

Shared on 26 Jun 26

Fair value Increased 35%

FM: Cobre Panama Restart Progress Will Drive Future Upside Potential

First Quantum gets a clearer path to start moving and shipping stockpiled material from its big Panama mine, and some analysts now think the market is underestimating how much that could help the business if things keep going smoothly. Others still worry about how quickly a full restart happens and whether talks with the government hold up, keeping the debate firmly split.

6 views

Valuator

Company Info

Notes

AnalystConsensusTarget Fair Value

CA$47.06

17.7% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Est. Revenue

Forecast revenue growth rate

23.62%

Historical revenue growth rate

-7.68%

Metals and Mining revenue growth rate

52.33%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

8.48%

Calculation

US$3.58b

Earnings '29

9.79x

PE Ratio '29

US$35.06b

Market Cap '29

US$35.06b

Market Cap '29

828.61m

No. shares '29

US$42.31

Share Price '29

US$42.31 Share Price '29

Discounted to 2026 @ 8.50% p.a.

US$33.13

Fair Value '26

US$33.13 Fair Value '26

Converted to CAD @ 1.4195 USD/CAD Exchange Rate

CA$47.03

Fair Value '26