Eight Capital Increases First Quantum Minerals (FM) Price Target to C$26.00

First Quantum Minerals (TSE:FM) had its price target boosted by Eight Capital from C$25.00 to C$26.00 in a note issued to investors on Tuesday. Eight Capital’s price objective suggests a potential upside of 29.29% from the stock’s current price.

Other analysts also recently issued research reports about the company. BMO Capital Markets set a C$24.00 target price on First Quantum Minerals and gave the company an “outperform” rating in a research report on Tuesday. National Bank Financial lifted their target price on First Quantum Minerals from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 18th. Canaccord Genuity downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$15.00 to C$21.00 in a research report on Monday, December 4th. Finally, Scotiabank reissued an “outperform” rating and set a C$18.00 price target on shares of First Quantum Minerals in a research report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$20.81.

First Quantum Minerals (TSE FM) traded up C$1.34 during trading hours on Tuesday, hitting C$20.11. The company had a trading volume of 3,935,803 shares, compared to its average volume of 3,122,490. The firm has a market capitalization of $12,940.00, a P/E ratio of -57.46 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$20.16.

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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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