First Quantum Minerals Limited (TSE:FM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$21.73 and last traded at C$21.57, with a volume of 1785856 shares. The stock had previously closed at C$21.02.
Several research firms recently commented on FM. Scotiabank cut their price objective on shares of First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Berenberg Bank cut their price objective on shares of First Quantum Minerals from C$19.00 to C$18.00 in a report on Wednesday, February 14th. National Bank Financial raised shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a report on Thursday, January 25th. TD Securities cut their price objective on shares of First Quantum Minerals from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, BMO Capital Markets set a C$24.00 price objective on shares of First Quantum Minerals and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. First Quantum Minerals has a consensus rating of “Buy” and an average target price of C$21.27.
The stock has a market cap of $14,940.00, a price-to-earnings ratio of -36.12 and a beta of 2.75.
TRADEMARK VIOLATION NOTICE: “First Quantum Minerals (FM) Reaches New 52-Week High at $21.73” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/03/15/first-quantum-minerals-fm-reaches-new-52-week-high-at-21-73.html.
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.
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.