First Quantum Minerals Limited (FM) Lifted to “Neutral” at Goldman Sachs Group Inc.
First Quantum Minerals Limited (TSE:FM) was upgraded by equities research analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, StockTargetPrices.com reports. The firm currently has a C$16.50 price objective on the stock, up from their prior price objective of C$8.00. Goldman Sachs Group Inc.’s price target would indicate a potential upside of 13.01% from the company’s previous close.
Other analysts have also recently issued reports about the stock. CSFB raised their target price on shares of First Quantum Minerals Limited from C$13.00 to C$13.50 in a report on Monday, October 17th. Barclays PLC reduced their target price on shares of First Quantum Minerals Limited from C$10.00 to C$9.20 in a report on Wednesday, September 21st. Berenberg Bank reduced their target price on shares of First Quantum Minerals Limited from C$11.00 to C$8.25 in a report on Wednesday. Canaccord Genuity raised their target price on shares of First Quantum Minerals Limited from C$13.50 to C$14.50 and gave the stock a “buy” rating in a report on Monday, October 24th. Finally, Jefferies Group set a C$14.00 target price on shares of First Quantum Minerals Limited and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. First Quantum Minerals Limited has an average rating of “Hold” and an average price target of C$10.83.
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.
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.