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First Quantum's move to LSE's main board could boost interest, UBS ...

First Quantum Minerals Ltd. (FM/TSX), which reported a 40% increase in net earnings for the first quarter, could receive approval to de-list its shares from the AIM and move to the London Stock Exchange's main board.

UBS analyst Tony Lesiak considers this event a re-rating opportunity that could demonstrate the valuation differences between First Quantum and miners in the U.K.

He also noted that the company is a candidate to be added to the S&P/TSX 60 index when it is updated in mid-June.

Mr. Lesiak revised his price target to $105 from $100 and has a "buy" rating on First Quantum shares.

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