First Quantum Minerals Limited (FM) Upgraded to Neutral at BNP Paribas
First Quantum Minerals Limited (TSE:FM) was upgraded by investment analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Wednesday.
FM has been the topic of a number of other research reports. Deutsche Bank AG dropped their target price on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research report on Thursday, June 22nd. National Bank Financial lowered shares of First Quantum Minerals Limited from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$16.25 to C$15.00 in a research report on Monday, July 24th. Berenberg Bank lowered their price target on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a C$15.00 price target on shares of First Quantum Minerals Limited in a report on Friday, July 14th. Finally, Barclays PLC lowered their price target on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$16.41.
Shares of First Quantum Minerals Limited (FM) traded down 1.23% on Wednesday, reaching $14.50. 2,364,046 shares of the company’s stock traded hands. The company’s 50-day moving average is $13.69 and its 200-day moving average is $12.95. First Quantum Minerals Limited has a 52 week low of $9.69 and a 52 week high of $17.55. The firm’s market capitalization is $9.94 billion.
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About First Quantum Minerals Limited
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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