Dundee Securities Lowers First Quantum Minerals Limited (FM) to Neutral
Dundee Securities downgraded shares of First Quantum Minerals Limited (TSE:FM) from a buy rating to a neutral rating in a report published on Friday. They currently have C$13.00 price target on the stock, down from their prior price target of C$14.00.
FM has been the subject of several other reports. Jefferies Group set a C$14.00 target price on shares of First Quantum Minerals Limited and gave the company a buy rating in a research note on Tuesday, August 23rd. Barclays PLC cut their target price on shares of First Quantum Minerals Limited from C$10.00 to C$9.20 in a research note on Wednesday, September 21st. Goldman Sachs Group Inc. upped their target price on shares of First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the company a sell rating in a research note on Tuesday, July 12th. National Bank Financial boosted their price target on shares of First Quantum Minerals Limited from C$14.00 to C$15.50 and gave the company an outperform rating in a report on Monday, July 18th. Finally, TD Securities raised shares of First Quantum Minerals Limited from a hold rating to a buy rating and boosted their price target for the company from C$11.00 to C$13.50 in a report on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of C$10.20.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 11.62 on Friday. First Quantum Minerals Limited has a 52-week low of $2.15 and a 52-week high of $12.34. The firm’s 50 day moving average is $10.57 and its 200-day moving average is $9.76. The company’s market capitalization is $7.97 billion.
First Quantum Minerals Limited Company Profile
First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.
Receive News & Ratings for First Quantum Minerals Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals Limited and related companies with MarketBeat.com's FREE daily email newsletter.