First Quantum Minerals (FM) Sets New 52-Week High at $19.48

First Quantum Minerals Limited (TSE:FM)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$19.48 and last traded at C$19.46, with a volume of 1303697 shares changing hands. The stock had previously closed at C$18.97.

Several equities analysts recently issued reports on the stock. National Bank Financial upped their price objective on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$15.00 to C$21.00 in a research note on Monday, December 4th. Scotiabank reissued an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals in a research note on Monday, September 18th. BMO Capital Markets upped their price objective on shares of First Quantum Minerals from C$22.00 to C$23.00 in a research note on Monday, December 18th. Finally, CIBC reaffirmed a “neutral” rating and set a C$15.50 price target on shares of First Quantum Minerals in a research note on Friday, September 15th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. First Quantum Minerals presently has a consensus rating of “Buy” and a consensus target price of C$18.50.

The stock has a market capitalization of $13,310.00, a P/E ratio of -56.76 and a beta of 2.94.

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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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