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A statement released today by Dundee Securities about First Quantum Minerals (TSE:FM) lowers the target price to $13.00

Yesterday First Quantum Minerals (TSE:FM) traded 0.38% higher at $10.65. The company’s 50-day moving average is $10.55 and its 200-day moving average is $9.62. The last stock close price is up 10.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,445,303 shares of the stock were exchanged, down from an average trading volume of 4,345,340

First Quantum Minerals (TSE:FM) had its target price lowered to $13.00 by Dundee Securities in a report released 10/14/2016. The new target price indicates a possible upside of 0.22% based on the company's last stock close price.

Previously on 9/21/2016, Barclays Capital reported about First Quantum Minerals (TSE:FM) raised the target price from $9.20 to $10.00. At the time, this indicated a possible downside of -0.04%.

See Chart Below

First Quantum Minerals (TSE:FM)

First Quantum Minerals has a 52 week low of $2.15 and a 52 week high of $12.34 The company’s market cap is currently $0.

In addition to Dundee Securities reporting its target price, a total of 22 firms have reported on the stock. The consensus target price is $9.24 with 4 firms rating the stock a strong buy, 8 firms rating the stock a buy, 7 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About First Quantum Minerals (TSE:FM)

First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina. The Company's projects include Kansanshi, Las Cruce, Guelb Moghrein, Ravensthorpe, Kevitsa, Sentinel, Pyhasalmi and Cayeli Bakir Isletmeleri. Its development projects are Enterprise Nickel Project and Cobre Panama Project. Its advanced exploration projects include Haquira Project and Taca Taca Project. Its Kansanshi project is located over 10 kilometers north of the town of Solwezi. The Las Cruces project is located in southern Spain, over 20 kilometers northwest of the city of Seville. Guelb Moghrein is located over 250 kilometers northeast of Nouakchott.

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