First Quantum Minerals (FM) Price Target Increased to C$23.00 by Analysts at Deutsche Bank

First Quantum Minerals (TSE:FM) had its price objective lifted by Deutsche Bank from C$20.00 to C$23.00 in a report published on Monday morning.

FM has been the topic of several other research reports. CIBC reduced their price target on shares of First Quantum Minerals from C$15.50 to C$15.00 in a research report on Wednesday, November 1st. Raymond James Financial increased their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Scotiabank reaffirmed an outperform rating and set a C$17.00 price target on shares of First Quantum Minerals in a research report on Monday, October 30th. Barclays raised their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Finally, National Bank Financial cut their target price on shares of First Quantum Minerals from C$17.00 to C$16.50 and set a sector perform rating on the stock in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$18.70.

Shares of First Quantum Minerals (TSE FM) traded up C$0.30 during mid-day trading on Monday, hitting C$19.60. 657,250 shares of the stock traded hands, compared to its average volume of 2,178,962. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$19.75. The company has a market capitalization of $13,510.00, a PE ratio of -57.65 and a beta of 2.94.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Thursday, October 26th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.08). First Quantum Minerals had a negative return on equity of 2.30% and a negative net margin of 4.22%.

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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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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