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First Quantum Minerals (TSE:FM) has been upgraded from Market Perform to Buy in a statement by Cormark Securities earlier today.

Having a price of $11.27, First Quantum Minerals (TSE:FM) traded 1.63% higher on the day. With the last stock price close up 15.03% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. First Quantum Minerals has been tracking to a 50-day moving average of $11.15 and two hundred day average of $9.19. 5,645,748 shares of First Quantum Minerals exchanged hands, up from ann avg. volume of 5,490,920

Cormark Securities has upgraded First Quantum Minerals(TSE:FM) from Market Perform to Buy in a statement released Wednesday August 3 2016.

On 7/29/2016, Canaccord Genuity reported about First Quantum Minerals(TSE:FM) bumped the target price from $11.75 to $13.50. At the time, this indicated a possible upside of 0.20%.

Recent Performance Chart:

First Quantum Minerals (TSE:FM)

In addition to Cormark Securities reporting it’s target price, a total of 22 equity analysts have issued a ratings update on the company. The average target is $9.24 with four firms rating the company a strong buy, eight analysts rating the stock a buy, seven analysts rating the stock a hold, four firms rating the stock to underperform, and lastly 0 firms rating the stock as sell.

First Quantum Minerals has a one-year low of $2.15 and a one-year high of $12.34 and has a market cap of $0.0.

General Company Details For 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, and over 20 kilometers northwest of the city of Seville. Guelb Moghrein is located over 250 kilometers northeast of Nouakchott.

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