First Quantum Minerals (FM) Given New C$23.00 Price Target at Deutsche Bank
First Quantum Minerals (TSE:FM) had its price objective upped by Deutsche Bank from C$20.00 to C$23.00 in a report issued on Monday. Deutsche Bank’s price objective would suggest a potential upside of 19.17% from the stock’s previous close.
Several other equities research analysts have also weighed in on FM. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$15.00 to C$21.00 in a research report on Monday, December 4th. CIBC dropped their target price on First Quantum Minerals from C$15.50 to C$15.00 in a research report on Wednesday, November 1st. BMO Capital Markets increased their target price on First Quantum Minerals from C$22.00 to C$23.00 in a research report on Monday, December 18th. National Bank Financial dropped their target price on First Quantum Minerals from C$17.00 to C$16.50 and set a “sector perform” rating on the stock in a research report on Friday, October 27th. Finally, Barclays dropped their target price on First Quantum Minerals from C$15.10 to C$14.00 in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$18.70.
Shares of First Quantum Minerals (FM) traded down C$0.16 on Monday, reaching C$19.30. The company had a trading volume of 1,635,126 shares, compared to its average volume of 2,348,041. First Quantum Minerals has a 52-week low of C$9.69 and a 52-week high of C$19.58. The company has a market capitalization of $13,490.00, a PE ratio of -56.76 and a beta of 2.94.
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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