Scotiabank Cuts First Quantum Minerals (FM) Price Target to C$21.00

First Quantum Minerals (TSE:FM) had its price objective dropped by analysts at Scotiabank from C$22.00 to C$21.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential downside of 0.43% from the stock’s previous close.

Several other brokerages have also recently commented on FM. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$15.00 to C$21.00 in a research note on Monday, December 4th. Deutsche Bank boosted their price objective on shares of First Quantum Minerals from C$20.00 to C$23.00 in a research note on Monday, January 15th. Berenberg Bank boosted their price objective on shares of First Quantum Minerals from C$14.25 to C$19.00 in a research note on Thursday, February 8th. 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 research note on Thursday, January 25th. Finally, CIBC boosted their price objective on shares of First Quantum Minerals from C$15.00 to C$20.00 in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$20.87.

First Quantum Minerals (TSE:FM) opened at C$21.09 on Tuesday. The company has a market cap of $14,540.00, a P/E ratio of -36.36 and a beta of 3.02. First Quantum Minerals has a 12 month low of C$9.69 and a 12 month high of C$21.20.

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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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