First Quantum Minerals Limited’s (FM) Outperform Rating Reiterated at Scotiabank
First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a report released on Friday. They currently have a C$18.00 target price on the stock. Scotiabank’s target price would suggest a potential upside of 30.81% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. TD Securities lifted their price target on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Berenberg Bank lifted their price target on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a research note on Friday. Eight Capital reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Thursday, August 17th. Jefferies Group LLC dropped their price target on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. Finally, National Bank Financial dropped 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 research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$16.72.
First Quantum Minerals Limited (FM) traded down 3.84% during trading on Friday, reaching $13.76. The company had a trading volume of 2,919,116 shares. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55. The firm’s 50 day moving average price is $13.74 and its 200 day moving average price is $12.97. The firm’s market capitalization is $9.44 billion.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/09/08/first-quantum-minerals-limited-fm-pt-set-at-c18-00-by-scotiabank.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.