Scotiabank Reiterates C$16.00 Price Target for First Quantum Minerals Limited (TSE:FM)
First Quantum Minerals Limited (TSE:FM) received a C$16.00 price objective from equities research analysts at Scotiabank in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 19.31% from the stock’s previous close.
FM has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$19.00 price objective on shares of First Quantum Minerals Limited in a research note on Monday, April 24th. Deutsche Bank AG decreased their price objective on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research note on Thursday, June 22nd. National Bank Financial lowered shares of First Quantum Minerals Limited from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$16.25 to C$15.00 in a research note on Monday, July 24th. TD Securities decreased their price objective on shares of First Quantum Minerals Limited from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Finally, Berenberg Bank decreased their price objective on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. First Quantum Minerals Limited presently has a consensus rating of “Hold” and a consensus price target of C$15.88.
Shares of First Quantum Minerals Limited (TSE FM) traded down 3.80% on Thursday, reaching $12.90. The company’s stock had a trading volume of 1,535,083 shares. The stock has a 50-day moving average of $12.39 and a 200 day moving average of $13.34. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55. The stock’s market capitalization is $8.85 billion.
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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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