First Quantum Minerals Limited (FM) Earns “Neutral” Rating from CIBC
First Quantum Minerals Limited (TSE:FM)‘s stock had its “neutral” rating reiterated by investment analysts at CIBC in a note issued to investors on Friday. They presently have a C$15.50 target price on the stock. CIBC’s price target would suggest a potential upside of 16.89% from the company’s current price.
FM has been the topic of a number of other research reports. BNP Paribas upgraded shares of First Quantum Minerals Limited from an “underperform” rating to a “neutral” rating in a research report on Wednesday, September 6th. Deutsche Bank AG cut their price objective on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research report on Thursday, June 22nd. Scotiabank reiterated an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research report on Friday, September 8th. National Bank Financial cut shares of First Quantum Minerals Limited from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$16.25 to C$15.00 in a research report on Monday, July 24th. Finally, Berenberg Bank cut their price objective on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$16.64.
Shares of First Quantum Minerals Limited (FM) traded down 0.15% during midday trading on Friday, reaching $13.26. 6,888,444 shares of the company’s stock were exchanged. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55. The stock’s 50 day moving average is $13.76 and its 200-day moving average is $12.94. The stock’s market cap is $9.09 billion.
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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