The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 1.00 million shares traded hands. First Quantum Minerals Limited (TSE:FM) has risen 43.69% since March 11, 2016 and is uptrending. It has outperformed by 38.21% the S&P500.
The move comes after 6 months positive chart setup for the $7.40B company. It was reported on Oct, 18 by Barchart.com. We have $17.59 PT which if reached, will make TSE:FM worth $4.66B more.
First Quantum Minerals Limited (TSE:FM) Ratings Coverage
Out of 13 analysts covering First Quantum Minerals (TSE:FM), 5 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 38% are positive. $20 is the highest target while $3.50 is the lowest. The $11.75 average target is 8.90% above today’s ($10.79) stock price. First Quantum Minerals has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James on Friday, December 4 to “Strong Buy”. Citigroup maintained the stock with “Buy” rating in Wednesday, October 7 report. The firm has “Sell” rating by Berenberg given on Friday, July 8. The firm has “Reduce” rating given on Tuesday, January 12 by HSBC. The company was upgraded on Friday, December 18 by Scotia Capital. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 4 report. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, July 24 report. The rating was maintained by RBC Capital Markets on Thursday, July 30 with “Sector Perform”. TD Securities upgraded the shares of FM in a report on Wednesday, July 20 to “Buy” rating. The firm earned “Market Perform (Speculative)” rating on Thursday, February 18 by BMO Capital Markets.
More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Business.Financialpost.com which released: “Teck Resources Ltd and First Quantum Minerals Ltd upgraded at Canaccord” on July 25, 2016, also Business.Financialpost.com with their article: “First Quantum Minerals Ltd upgraded to buy as liquidity improves” published on July 20, 2016, Moodys.com published: “Moody’s downgrades FQM’s CFR to Caa1, senior unsecured notes to Caa2; negative …” on January 08, 2016. More interesting news about First Quantum Minerals Limited (TSE:FM) were released by: Business.Financialpost.com and their article: “First Quantum Minerals Ltd sells Kevitsa mine in Finland for US$712 million to …” published on March 10, 2016 as well as Business.Financialpost.com‘s news article titled: “First Quantum Minerals Ltd issues ‘going concern’ warning amid high debt, weak …” with publication date: February 19, 2016.
First Quantum Minerals Ltd. is an international mining company. The company has a market cap of $7.40 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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