First Quantum Minerals Limited (TSE:FM) had its target price cut by analysts at Barclays PLC from C$10.00 to C$9.20 in a research report issued to clients and investors on Wednesday. Barclays PLC’s price objective indicates a potential downside of 16.59% from the company’s current price.
Several other research analysts also recently weighed in on the company. Jefferies Group set a C$14.00 price target on First Quantum Minerals Limited and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Goldman Sachs Group Inc. upped their price target on First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. Cormark upgraded First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a research note on Tuesday, August 2nd. BNP Paribas set a C$8.60 price target on First Quantum Minerals Limited in a research note on Friday, July 29th. Finally, Canaccord Genuity upped their price target on First Quantum Minerals Limited from C$11.75 to C$13.50 in a research note on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. First Quantum Minerals Limited has a consensus rating of “Hold” and an average target price of C$10.18.
First Quantum Minerals Limited (TSE:FM) opened at 11.03 on Wednesday. The stock’s market capitalization is $7.56 billion. First Quantum Minerals Limited has a 52 week low of $2.15 and a 52 week high of $12.34. The company has a 50 day moving average of $11.07 and a 200 day moving average of $9.31.
First Quantum Minerals Limited Company Profile
First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.
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