First Quantum Minerals Ltd. (TSE:FM) had its price objective lowered by Barclays PLC from C$15.10 to C$14.00 in a research note published on Thursday morning.
A number of other brokerages have also issued reports on FM. TD Securities increased their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a buy rating in a report on Thursday, August 10th. BNP Paribas raised First Quantum Minerals from an underperform rating to a neutral rating in a report on Wednesday, September 6th. Scotiabank reissued an outperform rating and issued a C$16.00 price objective on shares of First Quantum Minerals in a report on Thursday, August 3rd. National Bank Financial increased their price objective on First Quantum Minerals from C$15.00 to C$15.25 and gave the stock a sector perform rating in a report on Monday, July 31st. Finally, CIBC decreased their price objective on First Quantum Minerals from C$15.50 to C$15.00 in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of C$17.19.
Shares of First Quantum Minerals (TSE:FM) traded up C$0.08 during mid-day trading on Thursday, reaching C$14.87. The company had a trading volume of 2,097,689 shares, compared to its average volume of 2,765,345. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year high of C$17.55.
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About First Quantum Minerals
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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