Scotiabank Boosts First Quantum Minerals (FM) Price Target to C$23.00

First Quantum Minerals (TSE:FM) had its target price upped by equities researchers at Scotiabank from C$21.00 to C$23.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 11.43% from the company’s previous close.

Other research analysts have also issued research reports about the company. Eight Capital increased their price target on First Quantum Minerals from C$25.00 to C$26.00 in a report on Tuesday, February 13th. Raymond James Financial increased their price objective on First Quantum Minerals from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Berenberg Bank lowered their price objective on First Quantum Minerals from C$19.00 to C$18.00 in a research note on Wednesday, February 14th. Royal Bank of Canada increased their price objective on First Quantum Minerals from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Finally, National Bank Financial raised First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research note on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$21.01.

Shares of First Quantum Minerals (FM) traded up C$0.05 during trading hours on Wednesday, reaching C$20.64. The company’s stock had a trading volume of 1,653,489 shares, compared to its average volume of 3,263,733. The company has a market capitalization of $14,200.00, a price-to-earnings ratio of -35.55 and a beta of 3.02. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year high of C$21.71.

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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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