First Quantum Minerals Limited (FM) Given a C$18.00 Price Target by Jefferies Group Analysts
First Quantum Minerals Limited (TSE:FM) has been given a C$18.00 price target by investment analysts at Jefferies Group in a research note issued on Thursday. The firm presently has a a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 26.58% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$11.00 price target on shares of First Quantum Minerals Limited in a research report on Thursday, July 21st. Goldman Sachs Group Inc. lifted their price target on 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. Dundee Securities lifted their price target on First Quantum Minerals Limited from C$11.00 to C$13.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. National Bank Financial lifted their price target on First Quantum Minerals Limited from C$14.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Finally, Cormark raised First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a research report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. First Quantum Minerals Limited presently has an average rating of “Hold” and an average price target of C$10.29.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 14.22 on Thursday. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $15.74. The firm’s 50 day moving average is $11.66 and its 200-day moving average is $10.40. The firm has a market capitalization of $9.75 billion and a PE ratio of 206.09.
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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