First Quantum Minerals Limited (TSE:FM) had its target price dropped by analysts at Royal Bank Of Canada from C$16.00 to C$15.00 in a research note issued on Monday, July 31st. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 20.87% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. National Bank Financial lifted their price objective on shares of First Quantum Minerals Limited from C$15.00 to C$15.25 and gave the company a “sector perform” rating in a research note on Monday, July 31st. TD Securities reduced their price objective on shares of First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Monday, July 31st. Scotiabank set a C$16.00 price objective on shares of First Quantum Minerals Limited and gave the company an “outperform” rating in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a C$15.00 price objective on shares of First Quantum Minerals Limited in a research note on Friday, July 14th. Finally, Barclays PLC reduced their price target on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$15.88.
First Quantum Minerals Limited (FM) traded down 2.67% during mid-day trading on Monday, reaching $12.41. The company’s stock had a trading volume of 2,581,671 shares. First Quantum Minerals Limited has a 52-week low of $9.63 and a 52-week high of $17.55. The company’s market cap is $8.51 billion. The firm has a 50 day moving average price of $12.53 and a 200 day moving average price of $13.30.
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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.
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