First Quantum Minerals Limited (FM) Given Consensus Rating of “Hold” by Brokerages
Shares of First Quantum Minerals Limited (TSE:FM) have earned an average rating of “Hold” from the twenty-three analysts that are covering the firm. Five research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$10.18.
A number of research analysts have issued reports on FM shares. Goldman Sachs Group Inc. upped their target price on shares of First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the company a “sell” rating in a report on Tuesday, July 12th. TD Securities restated a “buy” rating and issued a C$13.50 target price on shares of First Quantum Minerals Limited in a report on Tuesday, July 26th. CSFB upgraded shares of First Quantum Minerals Limited from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$10.00 to C$13.00 in a report on Thursday, July 28th. Barclays PLC reduced their target price on shares of First Quantum Minerals Limited from C$10.00 to C$9.20 in a report on Wednesday, September 21st. Finally, Berenberg Bank lowered shares of First Quantum Minerals Limited from a “hold” rating to a “sell” rating and upped their target price for the company from C$5.50 to C$7.50 in a report on Friday, July 8th.
Shares of First Quantum Minerals Limited (TSE:FM) traded up 1.14% on Tuesday, hitting $10.63. 1,768,208 shares of the company were exchanged. First Quantum Minerals Limited has a 52-week low of $2.15 and a 52-week high of $12.34. The company has a 50-day moving average price of $10.64 and a 200 day moving average price of $9.60. The firm’s market cap is $7.29 billion.
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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