Jefferies Group LLC Lowers First Quantum Minerals Limited (FM) Price Target to C$14.00

First Quantum Minerals Limited (TSE:FM) had its price objective decreased by equities research analysts at Jefferies Group LLC from C$18.00 to C$14.00 in a report issued on Thursday. Jefferies Group LLC’s price objective would suggest a potential upside of 17.35% from the company’s current price.

A number of other research firms have also recently weighed in on FM. TD Securities reaffirmed a “buy” rating and set a C$20.00 price target on shares of First Quantum Minerals Limited in a research note on Tuesday, February 14th. National Bank Financial lowered their price target on shares of First Quantum Minerals Limited from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, February 17th. Scotiabank reaffirmed an “outperform” rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a research note on Friday, February 17th. Deutsche Bank AG reaffirmed a “buy” rating and set a C$20.00 price target on shares of First Quantum Minerals Limited in a research note on Wednesday, February 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$19.00 price target on shares of First Quantum Minerals Limited in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$16.16.

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

First Quantum Minerals Limited (TSE:FM) opened at 11.93 on Thursday. First Quantum Minerals Limited has a 12-month low of $7.77 and a 12-month high of $17.55. The stock has a market capitalization of $8.18 billion and a P/E ratio of 149.12. The firm’s 50-day moving average is $12.01 and its 200 day moving average is $14.27.

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First Quantum Minerals Limited Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:FM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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