First Quantum Minerals Limited Price Target Increased to C$20.50 by Analysts at Canaccord Genuity (FM)
Analysts at Canaccord Genuity lifted their price target on shares of First Quantum Minerals Limited (TSE:FM) from C$19.50 to C$20.50 in a research report issued to clients and investors on Friday, Analyst RN reports. Canaccord Genuity’s price target would indicate a potential upside of 3.64% from the company’s current price.
FM has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of First Quantum Minerals Limited from C$22.00 to C$23.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of First Quantum Minerals Limited from C$20.50 to C$21.25 in a research note to investors on Thursday. Finally, analysts at BMO Capital Markets raised their price target on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 in a research note to investors on Thursday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. First Quantum Minerals Limited presently has a consensus rating of “Buy” and a consensus price target of C$22.35.
First Quantum Minerals Limited (TSE:FM) traded down 0.15% on Friday, hitting $19.75. 1,393,920 shares of the company’s stock traded hands. First Quantum Minerals Limited has a one year low of $14.22 and a one year high of $24.60. The stock’s 50-day moving average is $18.84 and its 200-day moving average is $17.7. The company has a market cap of $11.595 billion and a price-to-earnings ratio of 20.31.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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