First Quantum Minerals upgraded ahead of anticipated restart of Cobre Panama mine

UBS analysts have upgraded First Quantum Minerals (TSX:FM) to ‘Buy' from ‘Neutral,' citing improving risk-reward dynamics and the anticipated restart of the Cobre Panama (CP) copper mine, located in Panama.  The investment bank also raised its 12-month price target to C$50 per share, up from C$38, and above current levels of about $34.