Stock Track | MMG Soars 5.43% Intraday on Copper Supply Tightening and Major Earnings Upgrades

Stock Track

May 13

MMG's stock surged 5.43% during intraday trading, driven by a combination of tightening global copper supply and significant earnings forecast upgrades from major investment banks.

The rally was supported by news that Freeport Indonesia has delayed the full restart of the Grasberg copper mine from early 2027 to early 2028, exacerbating the already tight global copper supply outlook. This development is lending support to copper prices and related equities like MMG.

Additionally, Citi recently raised MMG's 2025-2027 earnings forecasts by 92.5%, 6.5%, and 0.8% respectively, projecting first-half net profit of US$309 million — representing a roughly 14-fold year-over-year surge. The upgrade was attributed to stronger copper prices and better-than-expected C1 costs at the Las Bambas mine. Citi maintained its Buy rating on the stock. Separately, Bank of America also reiterated a Buy rating with a HK$12 target price, citing robust Q1 output including copper production of 128,700 tonnes, which was up 9% year-over-year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1113901102"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1113901102\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1113901102?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-13 09:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113901102","market":"us","top_or_hot":-1,"title":"Stock Track | MMG Soars 5.43% Intraday on Copper Supply Tightening and Major Earnings Upgrades","media":"Stock Track","content":"<p>MMG's stock surged 5.43% during intraday trading, driven by a combination of tightening global copper supply and significant earnings forecast upgrades from major investment banks.</p><p>The rally was supported by news that Freeport Indonesia has delayed the full restart of the Grasberg copper mine from early 2027 to early 2028, exacerbating the already tight global copper supply outlook. This development is lending support to copper prices and related equities like MMG.</p><p>Additionally, Citi recently raised MMG's 2025-2027 earnings forecasts by 92.5%, 6.5%, and 0.8% respectively, projecting first-half net profit of US$309 million — representing a roughly 14-fold year-over-year surge. The upgrade was attributed to stronger copper prices and better-than-expected C1 costs at the Las Bambas mine. Citi maintained its Buy rating on the stock. Separately, Bank of America also reiterated a Buy rating with a HK$12 target price, citing robust Q1 output including copper production of 128,700 tonnes, which was up 9% year-over-year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | MMG Soars 5.43% Intraday on Copper Supply Tightening and Major Earnings Upgrades</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | MMG Soars 5.43% Intraday on Copper Supply Tightening and Major Earnings Upgrades\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-13 09:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MMG's stock surged 5.43% during intraday trading, driven by a combination of tightening global copper supply and significant earnings forecast upgrades from major investment banks.</p><p>The rally was supported by news that Freeport Indonesia has delayed the full restart of the Grasberg copper mine from early 2027 to early 2028, exacerbating the already tight global copper supply outlook. This development is lending support to copper prices and related equities like MMG.</p><p>Additionally, Citi recently raised MMG's 2025-2027 earnings forecasts by 92.5%, 6.5%, and 0.8% respectively, projecting first-half net profit of US$309 million — representing a roughly 14-fold year-over-year surge. The upgrade was attributed to stronger copper prices and better-than-expected C1 costs at the Las Bambas mine. Citi maintained its Buy rating on the stock. Separately, Bank of America also reiterated a Buy rating with a HK$12 target price, citing robust Q1 output including copper production of 128,700 tonnes, which was up 9% year-over-year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01208","symbol_name":"五矿资源","start_time":0,"source_url":"","article_id":"1113901102","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113901102","pubTimestamp":1778636089,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MMG's stock surged 5.43% during intraday trading, driven by a combination of tightening global copper supply and significant earnings forecast upgrades from major investment banks.The rally was...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01208":"五矿资源"},"translate_title":"个股追踪|MMG盘中大涨5.43%因铜供应收紧及重大盈利上调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01208":1},"content_text":"MMG's stock surged 5.43% during intraday trading, driven by a combination of tightening global copper supply and significant earnings forecast upgrades from major investment banks.The rally was supported by news that Freeport Indonesia has delayed the full restart of the Grasberg copper mine from early 2027 to early 2028, exacerbating the already tight global copper supply outlook. This development is lending support to copper prices and related equities like MMG.Additionally, Citi recently raised MMG's 2025-2027 earnings forecasts by 92.5%, 6.5%, and 0.8% respectively, projecting first-half net profit of US$309 million — representing a roughly 14-fold year-over-year surge. The upgrade was attributed to stronger copper prices and better-than-expected C1 costs at the Las Bambas mine. Citi maintained its Buy rating on the stock. Separately, Bank of America also reiterated a Buy rating with a HK$12 target price, citing robust Q1 output including copper production of 128,700 tonnes, which was up 9% year-over-year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}