Shares of First Quantum Minerals Limited (TSE:FM) 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 trading hands. The stock had previously closed at C$18.97.
Several research firms recently commented on FM. Deutsche Bank boosted their target price on First Quantum Minerals from C$18.00 to C$19.00 in a research report on Friday, October 13th. Barclays cut their price objective on First Quantum Minerals from C$15.10 to C$14.00 in a report on Thursday, November 16th. CIBC cut their price objective on First Quantum Minerals from C$15.50 to C$15.00 in a report on Wednesday, November 1st. Raymond James Financial increased their target price on First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Finally, BMO Capital Markets increased their target price on First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. First Quantum Minerals has a consensus rating of “Buy” and a consensus price target of C$18.50.
The stock has a market cap of $13,360.00, a PE ratio of -54.20 and a beta of 2.94.
About First Quantum Minerals
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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