First Quantum Minerals Ltd. (TSE:FM) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$17.19.
FM has been the subject of several research analyst reports. Scotiabank reiterated an “outperform” rating and set a C$18.00 target price on shares of First Quantum Minerals in a research report on Friday, September 8th. Barclays lifted their price objective on First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Deutsche Bank lifted their price objective on First Quantum Minerals from C$18.00 to C$19.00 in a report on Friday, October 13th. National Bank Financial decreased their price objective on First Quantum Minerals from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Finally, Raymond James Financial lifted their target price on First Quantum Minerals from C$16.00 to C$18.00 in a research note on Monday, October 23rd.
First Quantum Minerals (FM) opened at C$14.83 on Friday. First Quantum Minerals has a fifty-two week low of C$9.69 and a fifty-two week high of C$17.55.
About First Quantum Minerals
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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