Royal Bank Of Canada upgraded shares of First Quantum Minerals (TSE:FM) from a sector perform rating to an outperform rating in a research note issued to investors on Monday morning. They currently have C$21.00 price objective on the stock, up from their prior price objective of C$15.00.
FM has been the subject of a number of other reports. Scotiabank reiterated an outperform rating and set a C$18.00 target price on shares of First Quantum Minerals in a research note on Friday, September 8th. Barclays boosted their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research note on Tuesday, October 24th. Deutsche Bank boosted their target price on shares of First Quantum Minerals from C$18.00 to C$19.00 in a research note on Friday, October 13th. National Bank Financial cut their price objective on shares of First Quantum Minerals from C$15.25 to C$15.00 and set a sector perform rating for the company in a research report on Thursday, August 17th. Finally, Raymond James Financial boosted their price objective on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. One investment 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. First Quantum Minerals currently has an average rating of Buy and an average price target of C$17.60.
Shares of First Quantum Minerals (FM) opened at C$14.48 on Monday. First Quantum Minerals has a 12 month low of C$9.69 and a 12 month high of C$17.55.
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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.
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