First Quantum Minerals Limited (FM) Receives C$17.26 Consensus Target Price from Brokerages

First Quantum Minerals Limited (TSE:FM) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$17.26.

Several equities research analysts have commented on FM shares. Barclays PLC raised their price target on shares of First Quantum Minerals Limited from C$12.65 to C$15.10 in a research note on Tuesday, October 24th. National Bank Financial raised their price target on shares of First Quantum Minerals Limited from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Raymond James Financial, Inc. raised their price target on shares of First Quantum Minerals Limited from C$16.00 to C$18.00 in a research note on Monday, October 23rd. Berenberg Bank dropped their price target on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a research note on Wednesday, July 12th. Finally, Scotiabank reiterated an “outperform” rating and set a C$17.00 price objective on shares of First Quantum Minerals Limited in a research note on Monday, October 30th.

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Shares of First Quantum Minerals Limited (FM) traded down C$0.35 during trading hours on Monday, hitting C$16.17. 2,163,930 shares of the company’s stock traded hands, compared to its average volume of 2,766,851. First Quantum Minerals Limited has a 12 month low of C$9.69 and a 12 month high of C$17.55.

First Quantum Minerals Limited 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.

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

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