Eight Capital Raises First Quantum Minerals (FM) Price Target to C$26.00

First Quantum Minerals (TSE:FM) had its target price raised by stock analysts at Eight Capital from C$25.00 to C$26.00 in a report released on Tuesday. Eight Capital’s price objective would indicate a potential upside of 30.07% from the stock’s current price.

FM has been the topic of a number of other research reports. CSFB downgraded First Quantum Minerals from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. Scotiabank restated an “outperform” rating and issued a C$17.00 price objective on shares of First Quantum Minerals in a report on Monday, October 30th. Barclays increased their price objective on First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. BMO Capital Markets set a C$24.00 price objective on First Quantum Minerals and gave the stock an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$20.81.

Shares of First Quantum Minerals (TSE FM) traded up C$1.22 on Tuesday, hitting C$19.99. The stock had a trading volume of 5,512,805 shares, compared to its average volume of 3,178,235. The firm has a market cap of $12,940.00, a P/E ratio of -57.46 and a beta of 3.02. First Quantum Minerals has a one year low of C$9.69 and a one year high of C$20.21.

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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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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