FATIMA Enters Strategic Joint Venture For Mineral Exploration
Fatima Fertilizer Company Limited (FATIMA) announced that Globacore Minerals Limited, a company in which FATIMA holds a 32% stake, has entered into a Joint Venture Agreement (JVA) with Mari Minerals (Private) Limited, a subsidiary of Mari Energies Limited. Under the terms of the JVA, Mari Minerals will transfer a 49% working interest in two mineral exploration licenses, EL-322 and EL-323, located in District Chagai, Balochistan, to Globacore Minerals Limited.
Mari Minerals (Private) Limited will continue to serve as the Operator for the exploration projects. FATIMA views this development as a positive step toward strategic diversification and a move that will create long-term value for its shareholders. This joint venture represents a significant entry into the mineral exploration sector in the Balochistan province.
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According to the KSEStocks Database, FATIMA is covered by 4 analysts in Pakistan and they have an average price rating of PKR 152. This average price target suggests an upside of 5.4% from the last close of PKR 143.77.
According to EPS estimates from 4 different brokers, FATIMA has an average 2026 EPS expectation of 21.2. This suggests the stock is now trading at a forward PE of 6.8.
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