First Quantum Minerals (TSE:FM) had its price objective dropped by stock analysts at Berenberg Bank from C$19.00 to C$18.00 in a report issued on Wednesday. Berenberg Bank’s target price would suggest a potential downside of 10.98% from the company’s previous close.
FM has been the subject of several other research reports. CIBC reduced their price objective on shares of First Quantum Minerals from C$15.50 to C$15.00 in a research note on Wednesday, November 1st. Raymond James Financial lifted their price objective on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research note on Monday, October 23rd. Scotiabank reaffirmed an “outperform” rating and issued a C$17.00 price objective on shares of First Quantum Minerals in a research note on Monday, October 30th. Barclays boosted their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. Finally, National Bank Financial cut their target price on shares of First Quantum Minerals from C$17.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Friday, October 27th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$20.74.
Shares of First Quantum Minerals (FM) opened at C$20.22 on Wednesday. First Quantum Minerals has a 52 week low of C$9.69 and a 52 week high of C$20.31. The stock has a market cap of $13,940.00, a price-to-earnings ratio of -57.77 and a beta of 3.02.
First Quantum Minerals Company Profile
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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