First Quantum Minerals Limited (FM) Price Target Increased to C$20.00 by Analysts at TD Securities
First Quantum Minerals Limited (TSE:FM) had its price target raised by stock analysts at TD Securities from C$19.00 to C$20.00 in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 49.14% from the stock’s previous close.
Other research analysts have also issued reports about the company. Barclays PLC reduced their price target on First Quantum Minerals Limited from C$14.20 to C$14.00 in a research report on Friday, April 21st. National Bank Financial reduced their price target on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday. Scotiabank set a C$16.00 price target on First Quantum Minerals Limited and gave the stock an “outperform” rating in a research report on Friday, July 28th. Jefferies Group LLC reduced their price target on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research report on Thursday, June 8th. Finally, CSFB reissued an “outperform” rating and issued a C$18.00 price target on shares of First Quantum Minerals Limited in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$15.88.
First Quantum Minerals Limited (TSE:FM) traded down 3.80% during midday trading on Thursday, hitting $12.90. The stock had a trading volume of 1,535,083 shares. The stock’s market cap is $8.85 billion. The company’s 50 day moving average price is $12.39 and its 200-day moving average price is $13.34. First Quantum Minerals Limited has a 52-week low of $9.63 and a 52-week high of $17.55.
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.
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