First Quantum Minerals Limited (FM) Price Target Raised to C$14.35
First Quantum Minerals Limited (TSE:FM) had its price target boosted by stock analysts at Berenberg Bank from C$12.15 to C$14.35 in a report issued on Friday. Berenberg Bank’s target price would suggest a potential upside of 0.28% from the company’s previous close.
A number of other brokerages also recently issued reports on FM. Scotiabank reissued an “outperform” rating and set a C$16.00 price target on shares of First Quantum Minerals Limited in a report on Friday, September 1st. Jefferies Group LLC increased their price target on shares of First Quantum Minerals Limited from C$16.00 to C$23.00 in a report on Thursday, August 31st. BNP Paribas raised shares of First Quantum Minerals Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday. National Bank Financial lowered their price target on shares of First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 9th. Finally, TD Securities lowered their price target on shares of First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$16.72.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 3.84% during mid-day trading on Friday, hitting $13.76. 2,143,239 shares of the stock traded hands. The stock’s market cap is $9.44 billion. The firm has a 50 day moving average of $13.74 and a 200 day moving average of $12.97. First Quantum Minerals Limited has a 12 month low of $9.69 and a 12 month high of $17.55.
About First Quantum Minerals Limited
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.
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