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First Quantum Minerals Ltd. (FM $23.34)
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Teck Resources Limited Class B Subordinate Voting Shares (TECK.B $44.65)
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Lundin Mining Corporation (LUN $14.44)
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Ero Copper Corp. (ERO $19.13)
Q: Already hold TECK.B and looking to add another Cdn base metals company. Considering FM, LUN and ERO. FM seems to be trading at roughly double the multiple of earnings and EBITDA compared to LUN, ERO and TECK.B. Two questions.
(1) Why does FM trade at such a high multiple compared to the others?
(2) Please rank FM, LUN and ERO on a scale of 1-10 for a desirable add to a diversified portfolio that is a low on base metals exposure.
(1) Why does FM trade at such a high multiple compared to the others?
(2) Please rank FM, LUN and ERO on a scale of 1-10 for a desirable add to a diversified portfolio that is a low on base metals exposure.