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Equities researchers at JPMorgan Chase & Co. began coverage on shares of First Quantum Minerals Limited (TSE:FM) in a research report issued on Tuesday. The firm set an “overweight” rating and a C$27.10 price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 25.29% from the stock’s previous close.

Shares of First Quantum Minerals Limited (TSE:FM) opened at 21.63 on Tuesday. First Quantum Minerals Limited has a one year low of $14.22 and a one year high of $23.50. The stock has a 50-day moving average of $22.0 and a 200-day moving average of $20.12. The company has a market cap of $12.701 billion and a P/E ratio of 25.52.

First Quantum Minerals Limited (TSE:FM) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. Analysts expect that First Quantum Minerals Limited will post $1.01 EPS for the current fiscal year.

FM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of First Quantum Minerals Limited from C$24.00 to C$26.00 in a research note on Friday. Separately, analysts at Raymond James raised their price target on shares of First Quantum Minerals Limited from C$25.00 to C$26.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of First Quantum Minerals Limited from C$25.00 to C$28.00 in a research note on Tuesday, May 27th. They now have a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. First Quantum Minerals Limited has a consensus rating of “Buy” and a consensus price target of C$24.25.

First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.

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