First Quantum Minerals Limited (TSE:FM) PT Raised to C$20.00

First Quantum Minerals Limited (TSE:FM) had its price objective raised by stock analysts at TD Securities from C$19.00 to C$20.00 in a report released on Thursday. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 61.16% from the stock’s previous close.

Several other brokerages have also recently issued reports on FM. Barclays PLC dropped their target price on shares of First Quantum Minerals Limited from C$14.20 to C$14.00 in a report on Friday, April 21st. Deutsche Bank AG dropped their target price on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a report on Thursday, June 22nd. BMO Capital Markets reiterated an “outperform” rating and set a C$21.00 target price on shares of First Quantum Minerals Limited in a report on Monday, May 1st. Scotiabank reiterated an “outperform” rating and set a C$16.00 target price on shares of First Quantum Minerals Limited in a report on Thursday, August 3rd. Finally, National Bank Financial increased their target price on shares of First Quantum Minerals Limited from C$15.00 to C$15.25 and gave the stock a “sector perform” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. First Quantum Minerals Limited currently has an average rating of “Hold” and a consensus price target of C$15.88.

Shares of First Quantum Minerals Limited (TSE FM) opened at 12.41 on Thursday. The company’s market cap is $8.51 billion. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55. The company’s 50-day moving average is $12.53 and its 200 day moving average is $13.30.

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About First Quantum Minerals Limited

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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