First Quantum Minerals Limited (FM) Given New C$16.50 Price Target at National Bank Financial
First Quantum Minerals Limited (TSE:FM) had its price objective lowered by National Bank Financial from C$17.00 to C$16.50 in a research note published on Friday morning. The brokerage currently has a sector perform rating on the stock.
A number of other analysts have also weighed in on FM. Eight Capital reissued a buy rating on shares of First Quantum Minerals Limited in a report on Thursday, August 17th. TD Securities raised their price target on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a buy rating in a report on Thursday, August 10th. Scotiabank set a C$16.00 price target on shares of First Quantum Minerals Limited and gave the company an outperform rating in a report on Thursday, August 10th. Berenberg Bank raised their price target on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a report on Friday, September 8th. Finally, Barclays PLC raised their price target on shares of First Quantum Minerals Limited from C$12.65 to C$15.10 in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of C$17.34.
Shares of First Quantum Minerals Limited (TSE FM) traded down 1.86% during trading on Friday, reaching $14.21. The company had a trading volume of 3,662,013 shares. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55. The company’s market cap is $9.75 billion. The firm has a 50-day moving average of $14.49 and a 200-day moving average of $13.04.
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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