Barclays Capital covered First Quantum Minerals (TSE:FM), bumping its target to $10.00 today
- Updated: September 21, 2016
Yesterday First Quantum Minerals (TSE:FM) traded 2.34% higher at $10.40. The company’s 50-day moving average is $11.10 and its 200-day moving average is $9.29. The last stock close price is up 12.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,274,936 shares of FM traded hands, down from an average volume of 5,320,290
First Quantum Minerals (TSE:FM) had its target price raised to $10.00 by Barclays Capital in a report released 09/21/2016. The new target price indicates a possible downside of -0.04% based on the company's last stock close price.
Previously on 8/4/2016, Goldman Sachs reported about First Quantum Minerals (TSE:FM) raised the target price from $5.50 to $5.75. At the time, this indicated a possible downside of -0.49%.
With a total market value of $0, First Quantum Minerals has with a one year low of $2.15 and a one year high of $12.34 .
In addition to Barclays Capital reporting its stock price target, a total of 22 equity analysts have released a research note on First Quantum Minerals. The 12-month price target is $9.24 with 4 brokerages rating the stock a strong buy, 8 brokers rating the stock a buy, seven analysts rating the stock a hold, 4 equity analysts rating the company a underperform, and lastly 0 firms rating the stock a sell.
Brief Synopsis 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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