First Quantum Minerals Limited (FM) Price Target Lowered to C$9.20 at Barclays PLC
First Quantum Minerals Limited (TSE:FM) had its price target lowered by stock analysts at Barclays PLC from C$10.00 to C$9.20 in a research report issued to clients and investors on Wednesday. Barclays PLC’s target price indicates a potential downside of 12.46% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on FM. CIBC boosted their price objective on First Quantum Minerals Limited from C$10.00 to C$13.50 in a research note on Thursday, July 28th. Goldman Sachs Group Inc. lifted their target price on First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the company a “sell” rating in a report on Wednesday, August 3rd. Scotiabank reaffirmed a “focus stock” rating and set a C$15.00 target price on shares of First Quantum Minerals Limited in a report on Thursday, July 28th. TD Securities raised First Quantum Minerals Limited from a “hold” rating to a “buy” rating and lifted their target price for the company from C$11.00 to C$13.50 in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$11.00 target price on shares of First Quantum Minerals Limited in a report on Monday, May 30th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. First Quantum Minerals Limited has an average rating of “Hold” and a consensus price target of C$10.18.
First Quantum Minerals Limited (TSE:FM) traded up 3.62% on Wednesday, hitting $10.89. 1,897,048 shares of the stock were exchanged. The firm’s market cap is $7.47 billion. The company has a 50-day moving average price of $11.08 and a 200-day moving average price of $9.30. First Quantum Minerals Limited has a 52-week low of $2.15 and a 52-week high of $12.34.
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First Quantum Minerals Limited Company Profile
First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.
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