First Quantum Minerals Limited (FM) Cut to “Sector Perform” at National Bank Financial

First Quantum Minerals Limited (TSE:FM) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Monday, July 24th. They presently have a C$15.00 price objective on the stock, down from their previous price objective of C$16.25. National Bank Financial’s price objective would suggest a potential upside of 16.37% from the stock’s current price. National Bank Financial also issued estimates for First Quantum Minerals Limited’s Q2 2017 earnings at $0.05 EPS, FY2017 earnings at $0.31 EPS and FY2018 earnings at $1.60 EPS.

Several other research firms have also commented on FM. Barclays PLC dropped their price objective on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$19.00 price objective on shares of First Quantum Minerals Limited in a research note on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a C$15.00 price objective on shares of First Quantum Minerals Limited in a research note on Friday, July 14th. Deutsche Bank AG dropped their price objective on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research note on Thursday, June 22nd. Finally, CSFB reaffirmed an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$15.88.

First Quantum Minerals Limited (TSE FM) traded down 2.13% during midday trading on Monday, reaching $12.89. 1,686,271 shares of the company were exchanged. The firm’s market capitalization is $8.84 billion. The company has a 50-day moving average of $12.87 and a 200 day moving average of $13.16. First Quantum Minerals Limited has a 52 week low of $9.63 and a 52 week high of $17.55.

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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.

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

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