First Quantum Minerals (TSE:FM) had its price objective upped by research analysts at Raymond James Financial from C$20.00 to C$21.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 5.05% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets set a C$24.00 price objective on shares of First Quantum Minerals and gave the stock an “outperform” rating in a report on Tuesday. Eight Capital upped their price objective on shares of First Quantum Minerals from C$25.00 to C$26.00 in a report on Tuesday. National Bank Financial upped their price objective on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. Canaccord Genuity downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$15.00 to C$21.00 in a report on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. First Quantum Minerals presently has an average rating of “Buy” and an average target price of C$20.81.
First Quantum Minerals (TSE FM) traded up C$1.22 during mid-day trading on Tuesday, reaching C$19.99. 5,512,805 shares of the company traded hands, compared to its average volume of 3,178,235. The firm has a market capitalization of $12,940.00, a P/E ratio of -57.46 and a beta of 3.02. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year 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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