First Quantum Minerals Limited (FM) Receives C$21.95 Consensus PT from Analysts
First Quantum Minerals Limited (TSE:FM) has earned an average rating of “Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$21.95.
A number of brokerages have recently commented on FM. Royal Bank of Canada increased their price target on shares of First Quantum Minerals from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Berenberg Bank decreased their price target on shares of First Quantum Minerals from C$19.00 to C$18.00 in a report on Wednesday, February 14th. Deutsche Bank increased their price target on shares of First Quantum Minerals from C$20.00 to C$23.00 in a report on Monday, January 15th. Scotiabank increased their price target on shares of First Quantum Minerals from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Finally, National Bank Financial raised shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a report on Thursday, January 25th.
First Quantum Minerals (FM) traded down C$0.06 during trading on Friday, reaching C$21.50. 1,567,805 shares of the company were exchanged, compared to its average volume of 3,128,817. The company has a market cap of $14,950.00, a price-to-earnings ratio of -36.25 and a beta of 2.75. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$22.00.
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About First Quantum Minerals
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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