First Quantum Minerals (FM) PT Raised to C$23.00
A number of other research firms also recently commented on FM. BNP Paribas raised First Quantum Minerals from an underperform rating to a neutral rating in a report on Wednesday, September 6th. Royal Bank of Canada raised First Quantum Minerals from a sector perform rating to an outperform rating and lifted their target price for the stock from C$15.00 to C$21.00 in a report on Monday, December 4th. CIBC decreased their target price on First Quantum Minerals from C$15.50 to C$15.00 in a report on Wednesday, November 1st. Berenberg Bank lifted their price target on First Quantum Minerals from C$12.15 to C$14.35 in a research report on Friday, September 8th. Finally, National Bank Financial reduced their price target on First Quantum Minerals from C$17.00 to C$16.50 and set a sector perform rating for the company in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$18.18.
Shares of First Quantum Minerals (TSE FM) opened at C$17.62 on Monday. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$17.70.
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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