First Quantum Minerals Limited (FM) PT Raised to C$13.50
First Quantum Minerals Limited (TSE:FM) had its target price upped by equities researchers at CSFB from C$13.00 to C$13.50 in a note issued to investors on Monday. CSFB’s target price suggests a potential upside of 16.18% from the stock’s current price.
A number of other brokerages have also recently issued reports on FM. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$11.00 price objective on shares of First Quantum Minerals Limited in a research note on Thursday, July 21st. Goldman Sachs Group Inc. lifted their price objective on First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Dundee Securities lifted their price objective on First Quantum Minerals Limited from C$11.00 to C$13.00 and gave the company a “buy” rating in a research note on Monday, July 18th. National Bank Financial boosted their price target on First Quantum Minerals Limited from C$14.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, July 18th. Finally, Cormark upgraded First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a research note on Tuesday, August 2nd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. First Quantum Minerals Limited presently has a consensus rating of “Hold” and a consensus price target of C$10.20.
First Quantum Minerals Limited (TSE:FM) opened at 11.62 on Monday. The stock’s 50 day moving average price is $10.57 and its 200 day moving average price is $9.76. First Quantum Minerals Limited has a 1-year low of $2.15 and a 1-year high of $12.34. The company’s market cap is $7.97 billion.
About First Quantum Minerals Limited
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.
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