Analysts take a look at First Quantum Minerals Limited (TSE:FM) having this to say.

November 15, 2017 - By Migdalia James

 Analysts take a look at First Quantum Minerals Limited (TSE:FM) having this to say.

First Quantum Minerals Limited (TSE:FM) Ratings Coverage

Among 16 analysts covering First Quantum Minerals (TSE:FM), 7 have Buy rating, 3 Sell and 6 Hold. Therefore 44% are positive. First Quantum Minerals had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Wednesday, October 7 with “Buy”. On Friday, February 17 the stock rating was maintained by Scotia Capital with “Outperform”. As per Monday, October 31, the company rating was maintained by RBC Capital Markets. On Tuesday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”. As per Friday, December 4, the company rating was upgraded by Raymond James. Eight Capital maintained the shares of FM in report on Thursday, August 17 with “Buy” rating. The stock of First Quantum Minerals Limited (TSE:FM) has “Focus Stock” rating given on Friday, October 28 by Scotia Capital. The company was maintained on Thursday, July 30 by RBC Capital Markets. National Bank Canada upgraded the stock to “Outperform” rating in Wednesday, July 22 report. On Tuesday, October 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Below is a list of First Quantum Minerals Limited (TSE:FM) latest ratings and price target changes.

01/11/2017 Broker: IBC Rating: Old Target: $15.50 New Target: $15.00 Target Down
27/10/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $17.00 New Target: $16.50 Target Down
20/10/2017 Broker: Industrial Alliance Securities Rating: Hold Old Target: $16.95 New Target: $18.64 Target Up
13/10/2017 Broker: Deutsche Bank Rating: Old Target: $18.00 New Target: $19.00 Target Up
15/09/2017 Broker: IBC Rating: Neutral New Target: $15.50 Target
08/09/2017 Broker: Berenberg Rating: Old Target: $12.15 New Target: $14.35 Target Up
08/09/2017 Broker: Scotia Capital Rating: Outperform New Target: $18.00 Maintain
01/09/2017 Broker: Jefferies Rating: Old Target: $16.00 New Target: $23.00 Target Up
01/09/2017 Broker: Scotia Capital Rating: Outperform New Target: $16.00 Target
17/08/2017 Broker: Eight Capital Rating: Buy Maintain

About 476,459 shares traded. First Quantum Minerals Limited (TSE:FM) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The company has market cap of $10.18 billion. The Company’s divisions include individual mine development projects or mine activities and the Corporate & other segment. It currently has negative earnings. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.

More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Seekingalpha.com which released: “First Quantum Minerals (FQVLF) Q2 2017 Results – Earnings Call Transcript” on July 28, 2017, also Seekingalpha.com with their article: “First Quantum boosts Minera Panama ownership stake to 90%” published on August 31, 2017, Bloomberg.com published: “First Quantum Asks Zambian Attorney General to Block Charges” on May 09, 2017. More interesting news about First Quantum Minerals Limited (TSE:FM) were released by: Seekingalpha.com and their article: “First Quantum to suspend Australia’s Ravensthorpe nickel mine” published on August 09, 2017 as well as Bloomberg.com‘s news article titled: “Zambia’s Lungu Orders Case Against First Quantum Be Dropped” with publication date: May 10, 2017.

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