After Today’s Huge Decline, Is First Quantum Minerals Limited’s Near-Term Analysis Negative?


The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 3.37 million shares traded hands. First Quantum Minerals Limited (TSE:FM) has risen 175.32% since February 5, 2016 and is uptrending. It has outperformed by 158.83% the S&P500.
The move comes after 9 months negative chart setup for the $7.18 billion company. It was reported on Sep, 13 by We have $9.49 PT which if reached, will make TSE:FM worth $502.60M less.

Out of 12 analysts covering First Quantum Minerals (TSE:FM), 6 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 50% are positive. First Quantum Minerals has been the topic of 44 analyst reports since September 15, 2015 according to StockzIntelligence Inc.

First Quantum Minerals Ltd. is an international mining company. The company has a market cap of $7.18 billion. The Firm is engaged in mineral exploration, mine engineering and construction, development and mining. It currently has negative earnings. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements and pyrite.

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