First Quantum Minerals Limited (FM) Given “Outperform” Rating at Scotiabank
First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating restated by investment analysts at Scotiabank in a note issued to investors on Friday. They currently have a C$16.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 6.31% from the stock’s previous close.
Several other research firms have also commented on FM. Jefferies Group LLC boosted their price target on shares of First Quantum Minerals Limited from C$16.00 to C$23.00 in a report on Thursday. National Bank Financial reduced their price objective on shares of First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 9th. TD Securities reduced their price objective on shares of First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Monday, July 31st. Royal Bank Of Canada reduced their price objective on shares of First Quantum Minerals Limited from C$16.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Monday, July 31st. Finally, Eight Capital reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. First Quantum Minerals Limited currently has a consensus rating of “Buy” and a consensus price target of C$16.41.
First Quantum Minerals Limited (TSE FM) traded up 0.93% during trading on Friday, reaching $15.19. 1,218,940 shares of the company were exchanged. The company’s 50-day moving average price is $13.56 and its 200-day moving average price is $13.04. The stock’s market capitalization is $10.42 billion. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55.
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About First Quantum Minerals Limited
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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