First Quantum Minerals Limited Coverage Initiated at BMO Capital Markets (FM)
Equities researchers at BMO Capital Markets started coverage on shares of First Quantum Minerals Limited (TSE:FM) in a research report issued on Wednesday, Analyst Ratings Network.com reports. The firm set a “market perform” rating on the stock.
A number of other analysts have also recently weighed in on FM. Analysts at GMP Securities initiated coverage on shares of First Quantum Minerals Limited (TSE:FM) in a research note to investors on Thursday, September 5th. They set a “buy” rating on the stock. Separately, analysts at Nomura downgraded shares of First Quantum Minerals Limited (TSE:FM) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a C$20.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of First Quantum Minerals Limited (TSE:FM) from C$21.00 to C$22.00 in a research note to investors on Tuesday, August 6th.
Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. First Quantum Minerals Limited has a consensus rating of “Hold” and a consensus price target of C$23.08.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.76% during mid-day trading on Wednesday, hitting $18.845. 1,070,475 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52 week low of $14.22 and a 52 week high of $24.90. The stock’s 50-day moving average is $17.74 and its 200-day moving average is $17.85. The company has a market cap of $11.134 billion and a P/E ratio of 19.50.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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