First Quantum Minerals (FM) Price Target Raised to C$19.00 at Berenberg Bank

First Quantum Minerals (TSE:FM) had its price objective increased by investment analysts at Berenberg Bank from C$14.25 to C$19.00 in a note issued to investors on Thursday. Berenberg Bank’s price target indicates a potential upside of 7.47% from the stock’s previous close.

FM has been the topic of several other research reports. CSFB lowered First Quantum Minerals from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. Scotiabank reissued an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a report on Monday, October 30th. Barclays increased their target price on First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Deutsche Bank increased their target price on First Quantum Minerals from C$18.00 to C$19.00 in a report on Friday, October 13th. Finally, Canaccord Genuity lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$20.22.

First Quantum Minerals (TSE:FM) opened at C$17.68 on Thursday. The company has a market capitalization of $12,190.00, a price-to-earnings ratio of -50.51 and a beta of 3.02. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$19.71.

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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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