杰富瑞：Fortescue以适中价格收购Alta，换取估值小幅提升

Group 1 - Fortescue is acquiring 64% of Alta Copper for an estimated valuation of approximately $101 million, which represents a moderate cash outflow for the company [1] - The Canariaco project of Alta is a relatively small copper-gold development project expected to commence production in the early to mid-2030s, with attractive cost profiles [1] - Jefferies analyst Mitch Ryan stated that the acquisition has minimal impact on the near-term investment rationale for Fortescue [1] Group 2 - Jefferies maintains a "hold" rating on Fortescue with a target price of AUD 19.25 [1] - Following the announcement, Fortescue's stock closed up 0.7% at AUD 22.61 [1]