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First Quantum Minerals Limited (TSE:FM) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Friday.

A number of other analysts have also recently weighed in on FM. Analysts at Canaccord Genuity raised their price target on shares of First Quantum Minerals Limited to C$29.00 in a research note on Wednesday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$24.76.

Shares of First Quantum Minerals Limited (TSE:FM) traded up 0.38% during mid-day trading on Friday, hitting $26.18. 809,840 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’s 50-day moving average is $22.90 and its 200-day moving average is $21.00. The company has a market cap of $15.373 billion and a P/E ratio of 30.68.

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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