First Quantum Minerals (FM) Rating Increased to Outperform at Macquarie
First Quantum Minerals (TSE:FM) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.
FM has been the subject of several other research reports. TD Securities upgraded shares of First Quantum Minerals from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from C$25.00 to C$30.00 in a research report on Thursday, June 14th. BMO Capital Markets boosted their price objective on shares of First Quantum Minerals from C$9.00 to C$9.75 in a report on Monday, June 11th. Barclays boosted their price objective on shares of First Quantum Minerals from C$19.00 to C$19.40 and gave the company a “c$19.12” rating in a report on Wednesday, July 18th. National Bank Financial boosted their price objective on shares of First Quantum Minerals from C$20.50 to C$21.25 and gave the company a “sector perform” rating in a report on Wednesday, August 1st. Finally, Deutsche Bank upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$21.00 to C$23.00 in a report on Wednesday, July 11th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. First Quantum Minerals currently has an average rating of “Buy” and an average target price of C$20.91.
Shares of FM stock opened at C$16.07 on Tuesday. First Quantum Minerals has a 12-month low of C$13.62 and a 12-month high of C$23.05.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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