First Quantum Minerals (TSE:FM) Price Target Raised to C$18.70

First Quantum Minerals (TSE:FM) had its price target increased by investment analysts at Barclays from C$14.00 to C$18.70 in a research report issued on Monday, January 8th. Barclays’ price objective points to a potential downside of 3.66% from the company’s previous close.

Other analysts have also issued research reports about the company. Scotiabank reiterated an “outperform” rating and issued a C$18.00 price target on shares of First Quantum Minerals in a report on Tuesday, December 19th. BMO Capital Markets boosted their price target on First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Goldman Sachs Group upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$21.00 in a report on Monday, December 4th. Finally, Deutsche Bank boosted their price target on First Quantum Minerals from C$19.00 to C$20.00 in a report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$18.70.

First Quantum Minerals (TSE FM) opened at C$19.41 on Monday. The company has a market capitalization of $13,380.00, a PE ratio of -57.09 and a beta of 2.94. First Quantum Minerals has a 12-month low of C$9.69 and a 12-month high of C$19.75.

First Quantum Minerals (TSE:FM) last announced its earnings results on Thursday, October 26th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.08). First Quantum Minerals had a negative net margin of 4.22% and a negative return on equity of 2.30%.

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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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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