First Quantum Minerals (TSE:FM) has been given a C$24.00 price objective by research analysts at BMO Capital Markets in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 20.06% from the stock’s current price.
Several other research analysts have also recently commented on the company. Barclays raised their target price on First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. Scotiabank reaffirmed an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a research report on Monday, October 30th. National Bank Financial raised their target price on First Quantum Minerals from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 18th. Raymond James Financial raised their target price on First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Finally, Goldman Sachs Group raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. First Quantum Minerals has an average rating of “Buy” and a consensus target price of C$20.81.
Shares of First Quantum Minerals (TSE:FM) traded up C$1.22 during mid-day trading on Tuesday, reaching C$19.99. The company had a trading volume of 5,512,805 shares, compared to its average volume of 3,178,235. The company has a market capitalization of $12,940.00, a PE ratio of -57.46 and a beta of 3.02. First Quantum Minerals has a 52-week low of C$9.69 and a 52-week high of C$20.21.
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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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