The Globe and Mail reports in its Tuesday, March 5, edition that RBC analyst Sam Crittenden has upgraded First Quantum Minerals to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Crittenden boosted his share target to $18 from $17. Analysts on average target the shares at $16.03. Mr. Crittenden says First Quantum's recent financing deals provide balance sheet relief to focus on copper growth and recover value in Panama. Mr. Crittenden says in a note: "There is still considerable uncertainty around the outcome in Panama and the upcoming election on May 5 could provide more direction. The first debate happened this week and the candidates' responses on the mine ranged from keeping it shutdown to 'putting it to work for the people' following a public consultation. We expect a steady flow of news and quotes over the next two months and we could get a better sense of the odds of a restart post the election. At the same time, the international arbitration proceedings are underway with First Quantum seeking $20-billion (U.S.) plus damages and interest. This could take several years to play out and the amount recovered is uncertain. However, we believe this provides some backstop in value."