First Quantum Minerals Limited (FM) Price Target Raised to C$13.50 at CSFB
First Quantum Minerals Limited (TSE:FM) had its price target lifted by research analysts at CSFB from C$13.00 to C$13.50 in a research report issued on Monday. CSFB’s target price would indicate a potential upside of 26.40% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Goldman Sachs Group Inc. boosted their target price on First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the stock a “sell” rating in a research report on Tuesday, July 12th. TD Securities restated a “buy” rating and set a C$13.50 price target on shares of First Quantum Minerals Limited in a research note on Tuesday, July 26th. Barclays PLC cut their price target on First Quantum Minerals Limited from C$10.00 to C$9.20 in a research note on Wednesday, September 21st. Berenberg Bank downgraded First Quantum Minerals Limited from a “hold” rating to a “sell” rating and boosted their price target for the company from C$5.50 to C$7.50 in a research note on Friday, July 8th. Finally, National Bank Financial boosted their price target on First Quantum Minerals Limited from C$14.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$10.20.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.47% during midday trading on Monday, reaching $10.60. 1,330,180 shares of the company were exchanged. First Quantum Minerals Limited has a 12-month low of $2.15 and a 12-month high of $12.34. The company has a 50 day moving average price of $10.55 and a 200-day moving average price of $9.65. The stock’s market capitalization is $7.27 billion.
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.
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