First Quantum Minerals (FM) Stock Rating Upgraded by Goldman Sachs Group
First Quantum Minerals (TSE:FM) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday.
FM has been the subject of several other research reports. CIBC cut their price target on First Quantum Minerals from C$15.50 to C$15.00 in a research note on Wednesday, November 1st. Raymond James Financial boosted their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research note on Monday, October 23rd. Scotiabank reissued an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a research note on Monday, October 30th. Deutsche Bank boosted their target price on shares of First Quantum Minerals from C$18.00 to C$19.00 in a research note on Friday, October 13th. Finally, Barclays boosted their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. First Quantum Minerals presently has an average rating of “Buy” and a consensus target price of C$17.60.
First Quantum Minerals (FM) traded up C$0.29 during trading hours on Monday, hitting C$15.10. The stock had a trading volume of 3,206,939 shares, compared to its average volume of 2,723,236. 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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