Barclays PLC Boosts First Quantum Minerals Limited (FM) Price Target to C$15.10
First Quantum Minerals Limited (TSE:FM) had its price objective upped by Barclays PLC from C$12.65 to C$15.10 in a research report issued on Tuesday. Barclays PLC’s target price points to a potential downside of 1.31% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Berenberg Bank dropped their price target on First Quantum Minerals Limited from C$12.80 to C$11.75 in a research report on Wednesday, July 12th. Jefferies Group LLC lifted their price target on First Quantum Minerals Limited from C$16.00 to C$23.00 in a research report on Thursday, August 31st. Deutsche Bank AG lifted their price target on First Quantum Minerals Limited from C$18.00 to C$19.00 in a research report on Friday, October 13th. Raymond James Financial, Inc. lifted their price target on First Quantum Minerals Limited from C$16.00 to C$18.00 in a research report on Monday. Finally, Eight Capital reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. First Quantum Minerals Limited has an average rating of “Hold” and a consensus price target of C$17.37.
First Quantum Minerals Limited (TSE FM) traded up 2.55% during midday trading on Tuesday, hitting $15.30. The stock had a trading volume of 1,866,465 shares. The company’s market capitalization is $10.49 billion. First Quantum Minerals Limited has a 1-year low of $9.69 and a 1-year high of $17.55. The stock’s 50-day moving average is $14.45 and its 200-day moving average is $13.01.
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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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