Royal Bank Of Canada Upgrades First Quantum Minerals (FM) to Outperform

Royal Bank Of Canada upgraded shares of First Quantum Minerals (TSE:FM) from a sector perform rating to an outperform rating in a research note issued to investors on Monday. Royal Bank Of Canada currently has C$21.00 price objective on the stock, up from their prior price objective of C$15.00.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank lifted their target price on shares of First Quantum Minerals from C$18.00 to C$19.00 in a research report on Friday, October 13th. Berenberg Bank lifted their target price on shares of First Quantum Minerals from C$12.15 to C$14.35 in a research report on Friday, September 8th. Jefferies Group lifted their target price on shares of First Quantum Minerals from C$16.00 to C$23.00 in a research report on Thursday, August 31st. Raymond James Financial lifted their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Finally, Barclays lifted their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$17.60.

Shares of First Quantum Minerals (TSE:FM) opened at C$14.81 on Monday. First Quantum Minerals has a 1 year low of C$9.69 and a 1 year high of C$17.55.

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First Quantum Minerals Company Profile

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’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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