Brokerages Set First Quantum Minerals Limited (FM) PT at $19.21
First Quantum Minerals Limited (TSE:FM) has earned a consensus recommendation of “Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$19.81.
Several equities research analysts have issued reports on the stock. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 10th. Raymond James lowered their target price on shares of First Quantum Minerals from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. JPMorgan Chase & Co. raised shares of First Quantum Minerals from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from C$15.20 to C$16.00 in a research note on Monday, November 19th. National Bank Financial lowered their target price on shares of First Quantum Minerals from C$18.25 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, November 5th. Finally, CIBC lowered their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Monday, October 1st.
TSE FM traded up C$0.20 on Friday, hitting C$11.19. The company had a trading volume of 2,579,526 shares, compared to its average volume of 3,764,540. The company has a debt-to-equity ratio of 69.74, a current ratio of 2.12 and a quick ratio of 1.18. First Quantum Minerals has a 12-month low of C$9.45 and a 12-month high of C$23.05.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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