First Quantum Minerals (TSE:FM) had its price target boosted by investment analysts at Raymond James Financial from C$20.00 to C$21.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential downside of 0.43% from the stock’s current price.
A number of other analysts also recently issued reports on FM. National Bank Financial boosted their price objective on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Industrial Alliance Securities boosted their price objective on shares of First Quantum Minerals from C$16.95 to C$18.64 and gave the company a “hold” rating in a report on Thursday, October 19th. Barclays boosted their price objective on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Scotiabank reissued an “outperform” rating and issued a C$17.00 price objective on shares of First Quantum Minerals in a report on Monday, October 30th. Finally, CIBC cut their price objective on shares of First Quantum Minerals from C$15.50 to C$15.00 in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$20.87.
Shares of First Quantum Minerals (FM) opened at C$21.09 on Tuesday. The stock has a market cap of $14,540.00, a PE ratio of -36.36 and a beta of 3.02. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$21.20.
COPYRIGHT VIOLATION WARNING: This article was first published by Week Herald and is owned by of Week Herald. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://weekherald.com/2018/02/15/first-quantum-minerals-fm-pt-raised-to-c21-00-at-raymond-james-financial.html.
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.
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.