First Quantum Minerals Limited Increases Again; Strong Momentum for Buyers

 First Quantum Minerals Limited Increases Again; Strong Momentum for Buyers

The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 523,007 shares traded hands. First Quantum Minerals Limited (TSE:FM) has risen 77.68% since April 1, 2016 and is uptrending. It has outperformed by 75.72% the S&P500.
The move comes after 7 months positive chart setup for the $8.45B company. It was reported on Nov, 7 by Barchart.com. We have $19.11 PT which if reached, will make TSE:FM worth $4.39B more.

First Quantum Minerals Limited (TSE:FM) Ratings Coverage

Out of 14 analysts covering First Quantum Minerals (TSE:FM), 6 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 43% are positive. $20 is the highest target while $3.50 is the lowest. The $11.93 average target is -5.09% below today’s ($12.57) stock price. First Quantum Minerals has been the topic of 64 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, July 30 by RBC Capital Markets. Goldman Sachs downgraded First Quantum Minerals Limited (TSE:FM) on Friday, July 24 to “Neutral” rating. The firm earned “Buy” rating on Friday, August 7 by TD Securities. The firm has “Buy” rating by TD Securities given on Wednesday, July 20. The firm has “Market Perform (Speculative)” rating by BMO Capital Markets given on Thursday, February 18. Citigroup maintained the stock with “Buy” rating in Wednesday, October 7 report. On Tuesday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”. RBC Capital Markets maintained First Quantum Minerals Limited (TSE:FM) rating on Monday, May 30. RBC Capital Markets has “Sector Perform” rating and $11 price target. The stock of First Quantum Minerals Limited (TSE:FM) has “Strong Buy” rating given on Friday, December 4 by Raymond James. The firm has “Focus Stock” rating by Scotia Capital given on Friday, October 28.

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 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 $8.45 billion. The Firm is engaged in mineral exploration, mine engineering and construction, development and mining. It has a 19.91 P/E ratio. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements and pyrite.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment