First Quantum Minerals Limited (FM) Price Target Cut to C$15.00
First Quantum Minerals Limited (TSE:FM) had its price objective dropped by stock analysts at National Bank Financial from C$15.25 to C$15.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 13.90% from the stock’s current price. National Bank Financial also issued estimates for First Quantum Minerals Limited’s Q3 2017 earnings at ($1.32) EPS, Q4 2017 earnings at $0.06 EPS and FY2017 earnings at ($1.36) EPS.
FM has been the topic of several other reports. Royal Bank Of Canada reissued a “sector perform” rating and set a C$19.00 price target on shares of First Quantum Minerals Limited in a report on Monday, April 24th. Deutsche Bank AG lowered their price target on First Quantum Minerals Limited from C$22.00 to C$18.00 in a report on Thursday, June 22nd. TD Securities lowered their price target on First Quantum Minerals Limited from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Berenberg Bank lowered their price target on First Quantum Minerals Limited from C$12.80 to C$11.75 in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a C$15.00 price target on shares of First Quantum Minerals Limited in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$15.88.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 1.79% during mid-day trading on Thursday, hitting $13.17. The company had a trading volume of 2,097,076 shares. The firm has a 50-day moving average price of $12.74 and a 200-day moving average price of $13.18. The firm’s market capitalization is $9.03 billion. First Quantum Minerals Limited has a 52 week low of $9.63 and a 52 week high of $17.55.
WARNING: “First Quantum Minerals Limited (FM) Price Target Cut to C$15.00” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/17/first-quantum-minerals-limited-fm-price-target-cut-to-c15-00.html.
First Quantum Minerals Limited Company Profile
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
Receive News & Ratings for First Quantum Minerals Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals Limited and related companies with MarketBeat.com's FREE daily email newsletter.