First Quantum Minerals Limited (FM) Price Target Increased to C$18.00 by Analysts at Raymond James Financial, Inc.
First Quantum Minerals Limited (TSE:FM) had its price target increased by analysts at Raymond James Financial, Inc. from C$16.00 to C$18.00 in a report issued on Monday. Raymond James Financial, Inc.’s target price would suggest a potential upside of 20.64% from the stock’s current price.
A number of other brokerages also recently weighed in on FM. Deutsche Bank AG increased their price objective on shares of First Quantum Minerals Limited from C$18.00 to C$19.00 in a research report on Friday, October 13th. National Bank Financial increased their price objective on shares of First Quantum Minerals Limited from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 18th. Scotiabank restated an “outperform” rating and set a C$16.00 price objective on shares of First Quantum Minerals Limited in a research report on Friday, September 1st. Industrial Alliance Securities increased their price objective on shares of First Quantum Minerals Limited from C$16.95 to C$18.64 and gave the company a “hold” rating in a research report on Thursday. Finally, Jefferies Group LLC increased their price objective on shares of First Quantum Minerals Limited from C$16.00 to C$23.00 in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$17.23.
Shares of First Quantum Minerals Limited (FM) traded down 1.00% during midday trading on Monday, hitting $14.92. 1,407,078 shares of the stock traded hands. First Quantum Minerals Limited has a 52 week low of $9.69 and a 52 week high of $17.55. The firm’s market capitalization is $10.23 billion. The company’s 50-day moving average is $14.46 and its 200 day moving average is $13.03.
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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.
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