First Quantum Minerals (TSE:FM) had its target price upped by research analysts at CIBC from C$15.00 to C$20.00 in a research note issued on Monday. CIBC’s target price suggests a potential upside of 4.06% from the stock’s previous close.
A number of other research firms have also weighed in on FM. Scotiabank restated an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a report on Monday, October 30th. Barclays upped their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Deutsche Bank upped their target price on shares of First Quantum Minerals from C$18.00 to C$19.00 in a report on Friday, October 13th. Raymond James Financial upped their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Finally, Industrial Alliance Securities upped their target price on shares of First Quantum Minerals from C$16.95 to C$18.64 and gave the stock a “hold” rating in a report on Thursday, October 19th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$19.25.
Shares of First Quantum Minerals (TSE:FM) traded down C$0.08 during midday trading on Monday, hitting C$19.22. 2,294,633 shares of the stock traded hands, compared to its average volume of 2,217,566. First Quantum Minerals has a 52-week low of C$9.69 and a 52-week high of C$19.75. The firm has a market capitalization of $13,250.00, a price-to-earnings ratio of -56.53 and a beta of 2.94.
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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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