CSFB Increases First Quantum Minerals Limited (FM) Price Target to C$13.50
First Quantum Minerals Limited (TSE:FM) had its price objective hoisted by equities researchers at CSFB from C$13.00 to C$13.50 in a research note issued to investors on Monday. CSFB’s target price points to a potential upside of 26.40% from the stock’s current price.
A number of other research analysts also recently weighed in on FM. BNP Paribas set a C$8.60 target price on shares of First Quantum Minerals Limited in a research report on Friday, July 29th. Canaccord Genuity increased their target price on shares of First Quantum Minerals Limited from C$11.75 to C$13.50 in a research report on Friday, July 29th. CIBC increased their target price on shares of First Quantum Minerals Limited from C$10.00 to C$13.50 in a research 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 research report on Wednesday, September 21st. Finally, TD Securities reissued a “buy” rating and set a C$13.50 target price on shares of First Quantum Minerals Limited in a research report on Tuesday, July 26th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$10.20.
Shares of First Quantum Minerals Limited (TSE:FM) remained flat at $10.65 on Monday. 1,529,914 shares of the company were exchanged. The company has a 50 day moving average price of $10.55 and a 200-day moving average price of $9.65. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $12.34. The stock’s market capitalization is $7.30 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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