Eight Capital Boosts First Quantum Minerals (FM) Price Target to C$26.00
First Quantum Minerals (TSE:FM) had its price target upped by investment analysts at Eight Capital from C$25.00 to C$26.00 in a research note issued on Tuesday. Eight Capital’s price objective points to a potential upside of 23.28% from the stock’s previous close.
FM has been the topic of a number of other research reports. CSFB downgraded shares of First Quantum Minerals from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. 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. Barclays raised their price objective on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. BMO Capital Markets set a C$24.00 price objective on shares of First Quantum Minerals and gave the stock an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. First Quantum Minerals has a consensus rating of “Buy” and an average price target of C$20.87.
First Quantum Minerals (TSE FM) opened at C$21.09 on Tuesday. The stock has a market cap of $14,540.00, a P/E ratio of -36.36 and a beta of 3.02. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year high of C$21.20.
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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