First Quantum Minerals (FM) Given New C$21.00 Price Target at Scotiabank
First Quantum Minerals (TSE:FM) had its price objective decreased by equities researchers at Scotiabank from C$22.00 to C$21.00 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 4.43% from the company’s current price.
Several other research analysts also recently commented on FM. National Bank Financial raised their price target 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 raised their price target 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. Raymond James Financial raised their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Barclays raised their price target on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Finally, CIBC cut their price target 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$20.81.
Shares of First Quantum Minerals (FM) traded up C$1.34 during trading hours on Tuesday, reaching C$20.11. 3,935,803 shares of the company’s stock traded hands, compared to its average volume of 3,122,490. First Quantum Minerals has a 1 year low of C$9.69 and a 1 year high of C$20.16. The company has a market cap of $12,940.00, a P/E ratio of -57.46 and a beta of 3.02.
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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