The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 1.72M shares traded hands. First Quantum Minerals Limited (TSE:FM) has risen 45.25% since March 14, 2016 and is uptrending. It has outperformed by 39.71% the S&P500.
The move comes after 7 months negative chart setup for the $8.74 billion company. It was reported on Oct, 19 by Barchart.com. We have $10.98 PT which if reached, will make TSE:FM worth $437.00 million less.
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. First Quantum Minerals has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “” rating given on Friday, July 29 by BNP Paribas. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, October 6. The firm has “Overweight” rating given on Tuesday, August 4 by Barclays Capital. The rating was downgraded by HSBC to “Reduce” on Tuesday, January 12. RBC Capital Markets maintained First Quantum Minerals Limited (TSE:FM) on Thursday, July 30 with “Sector Perform” rating. RBC Capital Markets maintained the shares of FM in a report on Tuesday, January 19 with “Sector Perform” rating. BMO Capital Markets upgraded the shares of FM in a report on Tuesday, November 10 to “Outperform” rating. The firm earned “Buy” rating on Friday, August 7 by TD Securities. On Friday, October 14 the stock rating was downgraded by Dundee Securities to “Neutral”. The rating was maintained by RBC Capital Markets on Thursday, July 21 with “Sector Perform”.
More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Business.Financialpost.com which released: “First Quantum Minerals Ltd upgraded to buy as liquidity improves” on July 20, 2016, also Business.Financialpost.com with their article: “Teck Resources Ltd and First Quantum Minerals Ltd upgraded at Canaccord” published on July 25, 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 issues ‘going concern’ warning amid high debt, weak …” published on February 19, 2016 as well as Business.Financialpost.com‘s news article titled: “First Quantum Minerals Ltd sells Kevitsa mine in Finland for US$712 million to …” with publication date: March 10, 2016.
First Quantum Minerals Ltd. is an international mining company. The company has a market cap of $8.74 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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