Goldman Sachs Group Inc. upgraded shares of First Quantum Minerals Limited (TSE:FM) from a sell rating to a neutral rating in a research note issued to investors on Wednesday. They currently have C$16.50 price objective on the stock, up from their previous price objective of C$8.00.

FM has been the topic of several other research reports. Jefferies Group set a C$14.00 price target on First Quantum Minerals Limited and gave the company a buy rating in a research note on Tuesday, August 23rd. CSFB raised their price target on First Quantum Minerals Limited from C$13.00 to C$13.50 in a research note on Monday, October 17th. Canaccord Genuity raised their price target on First Quantum Minerals Limited from C$13.50 to C$14.50 and gave the company a buy rating in a research note on Monday, October 24th. 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. Finally, TD Securities raised their price target on First Quantum Minerals Limited from C$14.00 to C$15.00 and gave the company a buy rating in a research note on Friday, October 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have issued 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$10.83.

Analyst Recommendations for First Quantum Minerals Limited (TSE:FM)

First Quantum Minerals Limited (TSE:FM) opened at 15.34 on Wednesday. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $16.68. The firm has a 50-day moving average price of $13.01 and a 200-day moving average price of $10.87. The stock has a market cap of $10.52 billion and a price-to-earnings ratio of 222.32.

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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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