First Quantum Minerals Limited (FM) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of First Quantum Minerals Limited (TSE:FM) in a research note issued to investors on Friday. The firm currently has a C$15.00 target price on the stock.
A number of other research firms have also recently issued reports on FM. Deutsche Bank AG lifted their price objective on First Quantum Minerals Limited from C$20.00 to C$22.00 in a research report on Friday, March 17th. Scotiabank reissued an outperform rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research report on Monday, March 20th. CSFB reissued an outperform rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research report on Monday, April 17th. Berenberg Bank raised First Quantum Minerals Limited from a sell rating to a hold rating and lifted their price objective for the company from C$11.00 to C$12.80 in a research report on Wednesday, March 22nd. Finally, TD Securities lifted their price objective on First Quantum Minerals Limited from C$20.00 to C$21.00 and gave the company a buy rating in a research report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$15.84.
First Quantum Minerals Limited (TSE FM) traded up 8.82% during trading on Friday, reaching $13.69. The company had a trading volume of 3,396,967 shares. The firm has a market capitalization of $9.39 billion and a price-to-earnings ratio of 171.12. First Quantum Minerals Limited has a 12 month low of $9.53 and a 12 month high of $17.55. The stock has a 50 day moving average price of $11.25 and a 200 day moving average price of $13.77.
TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/07/17/first-quantum-minerals-limited-fm-receives-buy-rating-from-jefferies-group-llc.html.
About First Quantum Minerals Limited
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.
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.