Goldman Sachs Group Upgrades First Quantum Minerals (FM) to Buy

First Quantum Minerals (TSE:FM) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$15.00 to C$21.00 in a research report on Monday, December 4th. Deutsche Bank increased their price target on shares of First Quantum Minerals from C$19.00 to C$20.00 in a research report on Friday, December 1st. Barclays dropped their price objective on shares of First Quantum Minerals from C$15.10 to C$14.00 in a report on Thursday, November 16th. CIBC dropped their price objective on shares of First Quantum Minerals from C$15.50 to C$15.00 in a report on Wednesday, November 1st. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$17.00 price objective on shares of First Quantum Minerals in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$17.45.

First Quantum Minerals (TSE FM) opened at C$16.16 on Monday. First Quantum Minerals has a 52-week low of C$9.69 and a 52-week 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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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