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Equities research analysts at Canaccord Genuity lifted their target price on shares of First Quantum Minerals Limited (TSE:FM) to C$29.00 in a research note issued to investors on Wednesday. Canaccord Genuity’s target price suggests a potential upside of 11.03% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities raised their price target on shares of First Quantum Minerals Limited from C$27.00 to C$30.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at CSFB raised their price target on shares of First Quantum Minerals Limited from C$24.00 to C$26.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of First Quantum Minerals Limited in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$24.76.

First Quantum Minerals Limited (TSE:FM) traded down 0.72% during mid-day trading on Wednesday, hitting $26.12. 2,302,523 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52-week low of $15.28 and a 52-week high of $26.77. The stock has a 50-day moving average of $22.81 and a 200-day moving average of $20.97. The company has a market cap of $15.337 billion and a P/E ratio of 30.95.

First Quantum Minerals Limited (TSE:FM) last released its earnings data on Monday, May 5th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01. Analysts expect that First Quantum Minerals Limited will post $1.04 EPS for the current fiscal year.

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

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