First Quantum Minerals (TSE:FM) had its price objective raised by Barclays from C$14.00 to C$18.70 in a research note published on Monday morning.

Other research analysts have also issued reports about the stock. National Bank Financial raised their target price on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the company a sector perform rating in a report on Wednesday, October 18th. Royal Bank of Canada raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and raised their target price for the company from C$15.00 to C$21.00 in a report on Monday, December 4th. BMO Capital Markets raised their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Scotiabank reissued an outperform rating and issued a C$18.00 target price on shares of First Quantum Minerals in a report on Monday, September 18th. Finally, CIBC reissued a neutral rating and issued a C$15.50 target price on shares of First Quantum Minerals in a report on Friday, September 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$18.50.

Shares of First Quantum Minerals (TSE:FM) traded up C$0.04 on Monday, reaching C$18.74. 1,421,582 shares of the company’s stock were exchanged, compared to its average volume of 1,826,704. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$19.41. The stock has a market cap of $12,820.00, a price-to-earnings ratio of -55.12 and a beta of 2.94.

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About First Quantum Minerals

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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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