Deutsche Bank Boosts First Quantum Minerals (FM) Price Target to C$23.00
First Quantum Minerals (TSE:FM) had its price target increased by stock analysts at Deutsche Bank from C$20.00 to C$23.00 in a research report issued to clients and investors on Monday. Deutsche Bank’s target price indicates a potential upside of 18.50% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Barclays lifted their target price on shares of First Quantum Minerals from C$14.00 to C$18.70 in a research note on Monday, January 8th. Scotiabank reissued an “outperform” rating and set a C$18.00 target price on shares of First Quantum Minerals in a research note on Tuesday, December 19th. BMO Capital Markets lifted their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 in a research note on Monday, December 18th. Goldman Sachs Group raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. Finally, Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$15.00 to C$21.00 in a research note on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$18.70.
First Quantum Minerals (FM) opened at C$19.41 on Monday. First Quantum Minerals has a 52 week low of C$9.69 and a 52 week high of C$19.75. The company has a market cap of $13,380.00, a P/E ratio of -57.09 and a beta of 2.94.
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First Quantum Minerals 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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