First Quantum Minerals Ltd. (FM) Price Target Cut to C$14.00
First Quantum Minerals Ltd. (TSE:FM) had its price target dropped by investment analysts at Barclays PLC from C$15.10 to C$14.00 in a research note issued on Thursday. Barclays PLC’s price objective points to a potential downside of 5.85% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. National Bank Financial downgraded shares of First Quantum Minerals from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$16.25 to C$15.00 in a report on Monday, July 24th. Scotiabank set a C$16.00 price target on shares of First Quantum Minerals and gave the stock an “outperform” rating in a report on Friday, July 28th. TD Securities cut their price target on shares of First Quantum Minerals from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Monday, July 31st. Royal Bank Of Canada cut their price target on shares of First Quantum Minerals from C$16.00 to C$15.00 and set a “sector perform” rating for the company in a report on Monday, July 31st. Finally, Eight Capital reaffirmed a “buy” rating on shares of First Quantum Minerals in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. First Quantum Minerals presently has a consensus rating of “Hold” and a consensus price target of C$17.19.
Shares of First Quantum Minerals (TSE:FM) opened at C$14.87 on Thursday. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$17.55.
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.
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