First Quantum Minerals Limited (FM) Price Target Cut to C$18.00 by Analysts at Deutsche Bank AG
FM has been the topic of several other research reports. Jefferies Group LLC cut their price target on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. Scotiabank reaffirmed an outperform rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a research note on Monday, March 20th. TD Securities cut their price target on First Quantum Minerals Limited from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Friday, April 28th. CSFB reaffirmed an outperform rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a research note on Monday, April 17th. Finally, Berenberg Bank raised First Quantum Minerals Limited from a sell rating to a hold rating and upped their price target for the company from C$11.00 to C$12.80 in a research note on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. First Quantum Minerals Limited currently has a consensus rating of Buy and an average target price of C$15.92.
First Quantum Minerals Limited (TSE FM) traded down 0.344% on Thursday, reaching $10.125. The company had a trading volume of 718,289 shares. The company has a market capitalization of $6.94 billion and a price-to-earnings ratio of 126.562. The company’s 50 day moving average price is $11.53 and its 200-day moving average price is $14.01. First Quantum Minerals Limited has a 12 month low of $8.11 and a 12 month high of $17.55.
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First Quantum Minerals Limited 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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