First Quantum Minerals Limited (FM) PT Raised to C$14.35 at Berenberg Bank
First Quantum Minerals Limited (TSE:FM) had its price target boosted by stock analysts at Berenberg Bank from C$12.15 to C$14.35 in a note issued to investors on Friday. Berenberg Bank’s target price suggests a potential upside of 4.29% from the company’s previous close.
Other research analysts have also issued research reports about the company. Barclays PLC decreased their target price on First Quantum Minerals Limited from C$14.00 to C$12.65 in a research report on Friday, July 14th. Deutsche Bank AG decreased their target price on First Quantum Minerals Limited from C$22.00 to C$18.00 in a research report on Thursday, June 22nd. Jefferies Group LLC reduced their price objective on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research report on Thursday, June 8th. TD Securities boosted their price objective on First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Eight Capital restated a “buy” rating on shares of First Quantum Minerals Limited in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$16.72.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 13.76 on Friday. The stock’s 50 day moving average price is $13.77 and its 200 day moving average price is $12.98. First Quantum Minerals Limited has a 1-year low of $9.69 and a 1-year high of $17.55. The stock’s market cap is $9.44 billion.
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First Quantum Minerals Limited Company Profile
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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