Scotiabank Trims First Quantum Minerals (FM) Target Price to C$21.00

First Quantum Minerals (TSE:FM) had its target price dropped by stock analysts at Scotiabank from C$22.00 to C$21.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 5.05% from the stock’s previous close.

A number of other research analysts have also recently commented on FM. Raymond James Financial boosted their target price on shares of First Quantum Minerals from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eight Capital boosted their target price on shares of First Quantum Minerals from C$25.00 to C$26.00 in a research report on Tuesday. BMO Capital Markets set a C$24.00 target price on shares of First Quantum Minerals and gave the stock an “outperform” rating in a research report on Tuesday. Berenberg Bank boosted their target price on shares of First Quantum Minerals from C$14.25 to C$19.00 in a research report on Thursday, February 8th. Finally, Canaccord Genuity cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research 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 company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$20.81.

Shares of First Quantum Minerals (FM) traded up C$1.22 during mid-day trading on Tuesday, reaching C$19.99. 5,512,805 shares of the company’s stock were exchanged, compared to its average volume of 3,178,235. The firm 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 1 year low of C$9.69 and a 1 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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