A statement released earlier today by Scotia Capital about First Quantum Minerals (TSE:FM) bumps the target price to $18.00
- Updated: March 20, 2017
Boasting a price of $14.38, First Quantum Minerals (TSE:FM) traded 0.07% higher on the day. With the last close up 4.94% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $15.22 and a 200-day moving average of $13.74. 2,069,019 shares of the stock were exchanged, down from an average trading volume of 3,432,110
Scotia Capital bumped up the target of First Quantum Minerals (TSE:FM) to $18.00 stating a potential upside of 0.25%.
On Friday March 17, 2017, Deutsche Securities released a statement for First Quantum Minerals (TSE:FM) bumped up the target price from $20.00 to $22.00 that suggested an upside of 0.48%.
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First Quantum Minerals has a 52 week low of $5.38 and a 52 week high of $17.55 First Quantum Minerals’s market capitalization is currently $0.
In addition to Scotia Capital reporting its stock price target, a total of 19 brokers have issued a report on the company. The average stock price target is $12.48 with 5 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 5 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About First Quantum Minerals (TSE:FM)
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. It also includes its metal marketing division. Its mines are located in Zambia, Australia, Finland, Turkey, Spain and Mauritania. It operates six mines, namely the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Pyhasalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine and the Cayeli copper-zinc mine. It is developing the Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru and the Taca Taca copper-gold-molybdenum deposit in Argentina.
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