First Quantum Minerals Limited (FM) Given Consensus Rating of “Hold” by Brokerages
Shares of First Quantum Minerals Limited (TSE:FM) have received an average rating of “Hold” from the twenty-three brokerages that are presently covering the company. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$10.18.
A number of equities research analysts have commented on FM shares. Canaccord Genuity raised shares of First Quantum Minerals Limited from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$9.50 to C$11.75 in a research report on Monday, July 25th. Cormark raised shares of First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a research report on Tuesday, August 2nd. Scotiabank reaffirmed a “focus stock” rating and issued a C$15.00 target price on shares of First Quantum Minerals Limited in a research report on Thursday, July 28th. BNP Paribas set a C$8.60 target price on shares of First Quantum Minerals Limited in a research report on Friday, July 29th. Finally, Goldman Sachs Group Inc. lifted their target price on shares of First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the stock a “sell” rating in a research report on Wednesday, August 3rd.
First Quantum Minerals Limited (TSE:FM) traded up 1.14% during trading on Tuesday, reaching $10.63. The company had a trading volume of 1,768,208 shares. The firm’s 50 day moving average price is $10.64 and its 200 day moving average price is $9.60. The firm’s market capitalization is $7.29 billion. First Quantum Minerals Limited has a 12-month low of $2.15 and a 12-month high of $12.34.
First Quantum Minerals Limited Company Profile
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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