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Jefferies & Co announced First Quantum Minerals (TSE:FM), lowering its target price to $14.00 today

Having a price of $11.82, First Quantum Minerals (TSE:FM) traded -1.09% lower on the day. With the last close down 19.11% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. First Quantum Minerals has recorded a 50-day average of $14.35 and a two hundred day average of $12.95. Volume of trade was down over the average, with 1,361,062 shares of FM changing hands under the typical 2,673,700

First Quantum Minerals (TSE:FM) had its target bumped down to $14.00 by Jefferies & Co in an issued report announced 06/08/2017. The bumped down target suggests a potential upside of 0.18% from the company's previous close.

Previously on 04/28/2017, Scotia Capital released a statement about First Quantum Minerals (TSE:FM) increased the target price from $0.00 to $18.00. At the time, this indicated a possible upside of 0.38%.

Performance Chart

First Quantum Minerals (TSE:FM)

With a total market value of $0, First Quantum Minerals has with a one year low of $9.69 and a one year high of $17.55 .

A total of 19 brokerages have issued a ratings update on First Quantum Minerals. Five brokerages rating the company a strong buy, seven brokerages rating the company a buy, five brokerages rating the company a hold, four brokerages rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $12.48.

General Company Details For 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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