Analysts Set First Quantum Minerals Limited (FM) Target Price at $19.90

Shares of First Quantum Minerals Limited (TSE:FM) have been given an average recommendation of “Buy” by the nineteen analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$19.95.

A number of research analysts have recently issued reports on the stock. National Bank Financial boosted their price target on shares of First Quantum Minerals from C$20.50 to C$21.25 and gave the stock a “sector perform” rating in a research note on Wednesday, August 1st. CIBC dropped their price target on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, August 31st. Macquarie upgraded shares of First Quantum Minerals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 25th. Deutsche Bank dropped their price target on shares of First Quantum Minerals from C$23.00 to C$19.00 in a research note on Tuesday, October 2nd. Finally, Raymond James dropped their price target on shares of First Quantum Minerals from C$25.00 to C$24.00 in a research note on Friday, October 5th.

TSE FM traded down C$0.65 during trading on Friday, reaching C$11.80. The company’s stock had a trading volume of 2,661,400 shares, compared to its average volume of 2,846,979. The company has a debt-to-equity ratio of 69.74, a quick ratio of 1.18 and a current ratio of 2.12. First Quantum Minerals has a twelve month low of C$10.55 and a twelve 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.

Recommended Story: Marijuana Stocks Investing Considerations

Analyst Recommendations for First Quantum Minerals (TSE:FM)

Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply