First Quantum Minerals Limited (FM) Earns Outperform Rating from Scotiabank

First Quantum Minerals Limited (TSE:FM)‘s stock had its “outperform” rating restated by investment analysts at Scotiabank in a research report issued on Monday. They currently have a C$18.00 price objective on the stock. Scotiabank’s target price points to a potential upside of 35.75% from the company’s current price.

A number of other equities analysts have also recently issued reports on FM. National Bank Financial dropped their price objective on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, August 9th. Eight Capital restated a “buy” rating on shares of First Quantum Minerals Limited in a report on Thursday, August 17th. TD Securities boosted their price objective on First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, August 10th. CIBC reiterated a “neutral” rating and issued a C$15.50 target price on shares of First Quantum Minerals Limited in a report on Friday. Finally, BNP Paribas upgraded First Quantum Minerals Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. First Quantum Minerals Limited currently has an average rating of “Hold” and an average target price of C$16.64.

First Quantum Minerals Limited (TSE FM) traded up 2.04% during trading on Monday, reaching $13.53. The company’s stock had a trading volume of 1,668,878 shares. The company’s market capitalization is $9.28 billion. The firm’s 50-day moving average price is $13.74 and its 200 day moving average price is $12.94. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55.

COPYRIGHT VIOLATION WARNING: This story was originally published by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://transcriptdaily.com/2017/09/18/first-quantum-minerals-limited-fm-earns-outperform-rating-from-scotiabank.html.

About First Quantum Minerals Limited

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.

Analyst Recommendations for First Quantum Minerals Limited (TSE:FM)

Receive News & Ratings for First Quantum Minerals Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply