First Quantum Minerals (FM) Upgraded to Outperform by Royal Bank Of Canada
Royal Bank Of Canada upgraded shares of First Quantum Minerals (TSE:FM) from a sector perform rating to an outperform rating in a research report released on Monday. They currently have C$21.00 target price on the stock, up from their previous target price of C$15.00.
Several other equities research analysts also recently weighed in on FM. National Bank Financial dropped their target price on shares of First Quantum Minerals from C$15.25 to C$15.00 and set a sector perform rating for the company in a research report on Wednesday, August 9th. Eight Capital reissued a buy rating on shares of First Quantum Minerals in a research report on Thursday, August 17th. TD Securities boosted their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a buy rating in a research report on Thursday, August 10th. Scotiabank set a C$16.00 target price on shares of First Quantum Minerals and gave the stock an outperform rating in a research report on Thursday, August 10th. Finally, Deutsche Bank boosted their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. First Quantum Minerals presently has an average rating of Buy and an average target price of C$17.60.
First Quantum Minerals (FM) traded up C$0.23 on Monday, hitting C$15.24. 3,135,183 shares of the stock traded hands, compared to its average volume of 2,724,720. First Quantum Minerals has a one year low of C$9.69 and a one year high of C$17.55.
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First Quantum Minerals 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.
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