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CIBC World Markets announced First Quantum Minerals (TSE:FM), bumping up its stock price target to $15.50 today

Yesterday First Quantum Minerals (TSE:FM) traded -0.15% lower at $13.26. The company’s 50-day moving average is $13.74 and its 200-day moving average is $12.94. The last stock close price is up 2.49% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 6,888,444 shares of the stock were exchanged, up from an average trading volume of 2,806,350

In a report announced on 9/15/2017 CIBC World Markets bumped up the target of First Quantum Minerals (TSE:FM) to $15.50 indicating a possible upside of 0.17%.

Previously on Friday September 08, 2017, Berenberg Bank reported about First Quantum Minerals (TSE:FM) raised the target price from $12.15 to $14.35. At the time, this indicated a possible upside of 0.04%.

See Chart Below

First Quantum Minerals (TSE:FM)

First Quantum Minerals has a 52 week low of $9.69 and a 52 week high of $17.55 First Quantum Minerals’s market capitalization is currently $0.

Also covering First Quantum Minerals's price target, a total of 19 equity analysts have released a ratings update on FM. The one year target is $12.48 with 5 brokers rating the stock a strong buy, 7 firms rating the stock a buy, 5 firms rating the stock a hold, four brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.

Brief Synopsis On 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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