First Quantum Minerals Limited (FM) Rating Reiterated by Scotiabank

First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating reiterated by investment analysts at Scotiabank in a note issued to investors on Monday. They presently have a C$18.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 33.14% from the stock’s previous close.

FM has been the topic of a number of other research reports. TD Securities dropped their price target on First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. Jefferies Group LLC decreased their price objective on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research report on Thursday, June 8th. Royal Bank of Canada decreased their price objective on First Quantum Minerals Limited from C$16.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Monday, July 31st. National Bank Financial decreased their price objective on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Finally, CIBC restated a “neutral” rating and set a C$15.50 price objective on shares of First Quantum Minerals Limited in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$16.64.

First Quantum Minerals Limited (TSE:FM) opened at 13.52 on Monday. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55. The stock’s market capitalization is $9.27 billion. The firm has a 50-day moving average of $13.73 and a 200-day moving average of $12.89.

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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.

Analyst Recommendations for First Quantum Minerals Limited (TSE:FM)

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