Shares of First Quantum Minerals Limited (TSE:FM) have received an average recommendation of “Hold” from the twenty-one research firms that are currently covering the firm. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$10.40.

FM has been the topic of a number of analyst reports. Canaccord Genuity raised shares of First Quantum Minerals Limited from a “hold” rating to a “buy” rating and upped their target price for the company from C$9.50 to C$11.75 in a research note on Monday, July 25th. TD Securities reissued a “buy” rating and issued a C$13.50 target price on shares of First Quantum Minerals Limited in a research note on Tuesday, July 26th. CIBC upped their target price on shares of First Quantum Minerals Limited from C$10.00 to C$13.50 in a research note on Thursday, July 28th. CSFB raised shares of First Quantum Minerals Limited from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$10.00 to C$13.00 in a research note on Thursday, July 28th. Finally, Scotiabank restated a “focus stock” rating and issued a C$15.00 price target on shares of First Quantum Minerals Limited in a research report on Thursday, July 28th.

Shares of First Quantum Minerals Limited (TSE:FM) opened at 13.81 on Tuesday. First Quantum Minerals Limited has a 52 week low of $2.15 and a 52 week high of $15.74. The stock’s 50 day moving average price is $12.11 and its 200 day moving average price is $10.55. The firm has a market capitalization of $9.47 billion and a P/E ratio of 200.14.

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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