CIBC Boosts First Quantum Minerals (FM) Price Target to C$20.00
First Quantum Minerals (TSE:FM) had its price objective boosted by CIBC from C$15.00 to C$20.00 in a research report issued on Monday. CIBC’s price target indicates a potential upside of 4.06% from the stock’s previous close.
Several other brokerages have also issued reports on FM. Deutsche Bank boosted their price target on shares of First Quantum Minerals from C$20.00 to C$23.00 in a report on Monday, January 15th. Barclays boosted their price target on shares of First Quantum Minerals from C$14.00 to C$18.70 in a report on Monday, January 8th. BMO Capital Markets boosted their price target on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Scotiabank reissued an “outperform” rating and issued a C$18.00 price target on shares of First Quantum Minerals in a report on Tuesday, December 19th. Finally, Goldman Sachs Group raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$19.25.
Shares of First Quantum Minerals (FM) traded down C$0.08 during trading on Monday, reaching C$19.22. 2,294,633 shares of the company’s stock traded hands, compared to its average volume of 2,217,566. The company has a market cap of $13,250.00, a price-to-earnings ratio of -56.53 and a beta of 2.94. First Quantum Minerals has a 12-month low of C$9.69 and a 12-month high of C$19.75.
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.
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