First Quantum Minerals Limited (FM) Price Target Raised to C$13.50 at CSFB
First Quantum Minerals Limited (TSE:FM) had its price target raised by CSFB from C$13.00 to C$13.50 in a research report issued on Monday. CSFB’s price target indicates a potential upside of 26.40% from the company’s current price.
FM has been the topic of a number of other reports. Barclays PLC lowered their price target on First Quantum Minerals Limited from C$10.00 to C$9.20 in a research note on Wednesday, September 21st. BNP Paribas set a C$8.60 price target on First Quantum Minerals Limited in a research note on Friday, July 29th. Canaccord Genuity lifted their price target on First Quantum Minerals Limited from C$11.75 to C$13.50 in a research note on Friday, July 29th. Goldman Sachs Group Inc. lifted their price target on First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the stock a “sell” rating in a research note on Tuesday, July 12th. Finally, Jefferies Group set a C$14.00 price target on First Quantum Minerals Limited and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$10.20.
First Quantum Minerals Limited (TSE:FM) traded down 0.47% during mid-day trading on Monday, reaching $10.60. The company had a trading volume of 1,330,180 shares. The stock’s market capitalization is $7.27 billion. The stock has a 50 day moving average of $10.55 and a 200 day moving average of $9.65. First Quantum Minerals Limited has a 52 week low of $2.15 and a 52 week high of $12.34.
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About First Quantum Minerals Limited
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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