First Quantum Minerals Limited (TSE:FM) had its price objective reduced by 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 suggests a potential downside of 10.16% from the stock’s previous close.

FM has been the subject of several other research reports. Jefferies Group set a C$14.00 target price on shares of First Quantum Minerals Limited and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a C$5.00 target price on shares of First Quantum Minerals Limited in a research note on Tuesday, June 14th. National Bank Financial lifted their target price on shares of First Quantum Minerals Limited from C$14.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, July 18th. TD Securities upgraded shares of First Quantum Minerals Limited from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$11.00 to C$13.50 in a research note on Wednesday, July 20th. Finally, CIBC lifted their target price on shares of First Quantum Minerals Limited from C$10.00 to C$13.50 in a research note on Thursday, July 28th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. First Quantum Minerals Limited has an average rating of “Hold” and a consensus target price of C$10.18.

Analyst Recommendations for First Quantum Minerals Limited (TSE:FM)

Shares of First Quantum Minerals Limited (TSE:FM) traded up 1.56% during trading on Wednesday, reaching $10.40. 1,624,142 shares of the company traded hands. First Quantum Minerals Limited has a 12-month low of $2.15 and a 12-month high of $12.34. The firm’s 50-day moving average is $11.10 and its 200-day moving average is $9.29. The stock’s market capitalization is $7.13 billion.

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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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