In a recent research report, investment firm Stifel Nicolaus has lowered its price target for First Quantum Minerals (TSE:FM) from C$24.00 to C$22.00. This news comes as other research analysts have also issued reports about the company, with mixed ratings.
While Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a buy rating to a hold rating, Canaccord Genuity Group still maintains a buy rating for the company. Additionally, Barclays currently holds an underweight rating for the company’s stock.
The stock of First Quantum Minerals opened at C$15.09 on Monday, with a 1-year low of C$13.66 and a 1-year high of C$39.13. The company has a current ratio of 1.85 and a quick ratio of 1.41. It has a market capitalization of C$10.47 billion and a price-to-earnings ratio of 12.37.
First Quantum Minerals specializes in the exploration, development, and production of mineral properties, primarily focusing on copper, nickel, pyrite, silver, gold, and zinc ores. The company operates mines in multiple countries, including Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania.
FAQs
What is the new price target for First Quantum Minerals?
The new price target for First Quantum Minerals is C$22.00, according to a research report by Stifel Nicolaus.
What are the ratings given by other research analysts?
Deutsche Bank Aktiengesellschaft downgraded the company from a buy rating to a hold rating, while Canaccord Genuity Group still maintains a buy rating. Barclays currently holds an underweight rating for the company’s stock.
What is the current stock price of First Quantum Minerals?
The stock of First Quantum Minerals opened at C$15.09 on Monday.
What is the company’s specialization?
First Quantum Minerals specializes in the exploration, development, and production of mineral properties, primarily focusing on copper, nickel, pyrite, silver, gold, and zinc ores.
In which countries does First Quantum Minerals operate?
The company operates mines in multiple countries, including Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania.
Sources: BayStreet.CA, MarketBeat