First Quantum Minerals Limited’s Stock Is Buy After Today’s Huge Increase

 First Quantum Minerals Limited's Stock Is Buy After Today's Huge Increase

The stock of First Quantum Minerals Limited (TSE:FM) is a huge mover today! About 779,200 shares traded hands. First Quantum Minerals Limited (TSE:FM) has risen 69.18% since April 26, 2016 and is uptrending. It has outperformed by 63.95% the S&P500.
The move comes after 7 months positive chart setup for the $9.65 billion company. It was reported on Nov, 30 by Barchart.com. We have $16.00 PT which if reached, will make TSE:FM worth $579.00M more.

First Quantum Minerals Limited (TSE:FM) Ratings Coverage

Out of 15 analysts covering First Quantum Minerals (TSE:FM), 6 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 40% are positive. $20 is the highest target while $3.50 is the lowest. The $11.92 average target is -21.01% below today’s ($15.09) stock price. First Quantum Minerals has been the topic of 65 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 25. The rating was upgraded by TD Securities to “Buy” on Wednesday, July 20. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, July 21. The rating was upgraded by National Bank Canada to “Outperform” on Wednesday, July 22. The firm earned “Reduce” rating on Tuesday, January 12 by HSBC. BMO Capital Markets upgraded the shares of FM in a report on Tuesday, November 10 to “Outperform” rating. The company was maintained on Wednesday, October 7 by JP Morgan. RBC Capital Markets maintained First Quantum Minerals Limited (TSE:FM) rating on Tuesday, January 19. RBC Capital Markets has “Sector Perform” rating and $6.50 price target. The rating was downgraded by Dundee Securities on Friday, October 14 to “Neutral”.

More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Business.Financialpost.com which released: “First Quantum Minerals Ltd issues ‘going concern’ warning amid high debt, weak …” on February 19, 2016, also Business.Financialpost.com with their article: “First Quantum Minerals Ltd upgraded to buy as liquidity improves” published on July 20, 2016, Business.Financialpost.com published: “Teck Resources Ltd and First Quantum Minerals Ltd upgraded at Canaccord” on July 25, 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 Fool.ca‘s news article titled: “Is First Quantum Minerals Limited Going Bankrupt?” with publication date: April 07, 2016.

First Quantum Minerals Ltd. is an international mining company. The company has a market cap of $9.65 billion. The Firm is engaged in mineral exploration, mine engineering and construction, development and mining. It has a 23.82 P/E ratio. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements and pyrite.

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