First Quantum Minerals (FM) PT Raised to C$20.00

First Quantum Minerals (TSE:FM) had its price objective boosted by analysts at Deutsche Bank from C$19.00 to C$20.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. Deutsche Bank’s price objective would indicate a potential upside of 34.86% from the company’s current price.

Several other analysts also recently commented on FM. National Bank Financial reduced their price objective on shares of First Quantum Minerals from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. Eight Capital reaffirmed a “buy” rating on shares of First Quantum Minerals in a research report on Thursday, August 17th. TD Securities raised their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Scotiabank set a C$16.00 price objective on shares of First Quantum Minerals and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Finally, Berenberg Bank raised their price objective on shares of First Quantum Minerals from C$12.15 to C$14.35 in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$17.25.

Shares of First Quantum Minerals (FM) traded up C$0.32 during mid-day trading on Friday, hitting C$14.83. 3,898,835 shares of the stock traded hands, compared to its average volume of 2,724,848. First Quantum Minerals has a one year low of C$9.69 and a one year high of C$17.55.

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First Quantum Minerals 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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