Several other brokerages have also weighed in on FM. TD Securities increased their price objective on First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a buy rating in a report on Thursday, August 10th. BNP Paribas raised First Quantum Minerals Limited from an underperform rating to a neutral rating in a report on Wednesday, September 6th. Scotiabank reissued an outperform rating and set a C$16.00 price objective on shares of First Quantum Minerals Limited in a report on Thursday, August 3rd. National Bank Financial increased their price objective on First Quantum Minerals Limited from C$15.00 to C$15.25 and gave the company a sector perform rating in a report on Monday, July 31st. Finally, Berenberg Bank reduced their price objective on First Quantum Minerals Limited from C$12.80 to C$11.75 in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$17.23.
Shares of First Quantum Minerals Limited (TSE FM) opened at 14.92 on Monday. The firm’s market capitalization is $10.23 billion. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55. The company’s 50-day moving average price is $14.45 and its 200 day moving average price is $13.01.
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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