Scotiabank Reaffirms Outperform Rating for First Quantum Minerals Limited (FM)
First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating reiterated by investment analysts at Scotiabank in a report issued on Monday. They presently have a C$17.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 19.21% from the stock’s previous close.
Several other equities research analysts also recently weighed in on FM. National Bank Financial reduced their price objective on shares of First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, August 9th. Eight Capital reaffirmed a “buy” rating on shares of First Quantum Minerals Limited in a report on Thursday, August 17th. TD Securities upped their price objective on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Berenberg Bank upped their price objective on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a report on Friday, September 8th. Finally, Barclays PLC upped their price target on shares of First Quantum Minerals Limited from C$12.65 to C$15.10 in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. First Quantum Minerals Limited has a consensus rating of “Hold” and a consensus price target of C$17.28.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 14.26 on Monday. The firm’s market cap is $9.78 billion. The company has a 50 day moving average of $14.50 and a 200 day moving average of $13.02. First Quantum Minerals Limited has a 52 week low of $9.69 and a 52 week high of $17.55.
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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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