Equities research analysts at TD Securities hoisted their target price on shares of First Quantum Minerals Limited (TSE:FM) from C$19.00 to C$20.00 in a research note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 3.47% from the stock’s previous close.
First Quantum Minerals Limited (TSE:FM) traded up 2.64% during mid-day trading on Thursday, hitting $19.84. The stock had a trading volume of 1,844,313 shares. First Quantum Minerals Limited has a 52-week low of $14.22 and a 52-week high of $24.60. The stock’s 50-day moving average is $18.81 and its 200-day moving average is $17.6. The company has a market cap of $11.647 billion and a P/E ratio of 19.85.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank initiated coverage on shares of First Quantum Minerals Limited in a research note to investors on Thursday. They set an “outperform” rating and a C$21.00 price target on the stock. Separately, analysts at Haywood Securities cut their price target on shares of First Quantum Minerals Limited from C$21.50 to C$20.50 in a research note to investors on Tuesday, October 22nd. Finally, analysts at Canaccord Genuity raised their price target on shares of First Quantum Minerals Limited from C$18.00 to C$19.50 in a research note to investors on Friday, October 11th. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. First Quantum Minerals Limited has an average rating of “Hold” and an average target price of C$22.22.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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