National Bank Financial Boosts First Quantum Minerals (TSE:FM) Price Target to C$12.75

First Quantum Minerals (TSE:FM) had its price target lifted by research analysts at National Bank Financial from C$12.00 to C$12.75 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 5.20% from the company’s current price.

FM has been the topic of several other reports. Deutsche Bank lowered their price target on shares of First Quantum Minerals from C$13.50 to C$11.00 in a report on Wednesday, September 4th. Macquarie reissued a “neutral” rating and issued a C$11.20 price target on shares of First Quantum Minerals in a report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of First Quantum Minerals from C$10.00 to C$11.00 in a report on Wednesday, October 2nd. Citigroup lowered their price target on shares of First Quantum Minerals from C$13.00 to C$11.00 in a report on Thursday, August 8th. Finally, TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and increased their price target for the company from C$13.50 to C$15.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$13.89.

First Quantum Minerals stock traded up C$0.11 during trading hours on Monday, hitting C$12.12. The company had a trading volume of 833,220 shares, compared to its average volume of 3,183,769. The firm has a market cap of $8.28 billion and a PE ratio of 32.76. The company has a debt-to-equity ratio of 90.44, a current ratio of 1.37 and a quick ratio of 0.64. First Quantum Minerals has a one year low of C$7.84 and a one year high of C$16.63. The firm has a 50-day moving average of C$10.99 and a 200 day moving average of C$10.98.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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