First Quantum Minerals Limited (FM) Stock Rating Reaffirmed by Scotiabank
First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating reaffirmed by analysts at Scotiabank in a research report issued on Monday, StockTargetPrices.com reports. They currently have a C$18.00 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 35.75% from the stock’s current price.
Several other equities analysts also recently commented on the company. CIBC reiterated a “neutral” rating and issued a C$15.50 price objective on shares of First Quantum Minerals Limited in a research note on Friday. Berenberg Bank upped their price objective on First Quantum Minerals Limited from C$12.15 to C$14.35 in a research note on Friday, September 8th. BNP Paribas upgraded First Quantum Minerals Limited from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 6th. Jefferies Group LLC upped their price objective on First Quantum Minerals Limited from C$16.00 to C$23.00 in a research note on Thursday, August 31st. Finally, Eight Capital reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. First Quantum Minerals Limited presently has an average rating of “Hold” and an average target price of C$16.64.
Shares of First Quantum Minerals Limited (FM) traded up 2.074% during trading on Monday, hitting $13.535. The stock had a trading volume of 1,645,228 shares. First Quantum Minerals Limited has a 52 week low of $9.69 and a 52 week high of $17.55. The company’s market capitalization is $9.28 billion. The company’s 50 day moving average price is $13.74 and its 200 day moving average price is $12.94.
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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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