Analyst Coverage Change
Scotia Capital issued a research note on First Quantum Minerals on Tuesday February 7th, and raised the target price to CAD 35 from CAD 30. The analyst maintained the “Outperform” rating on the stock. Raymond James also maintained the “Market Perform” rating on the stock, and raised the target price to $30 from $26 per share.
Recent Ratings:
- Morgan Stanley & Co: Target price CAD 23, “Target Up” rating, updated on 02/03/2023
- J.P. Morgan Chase & Co: Target price CAD 26, “Sell” rating, updated on 01/23/2023
- CIBC World Markets: Target price CAD 28, “Neutral” rating, updated on 01/23/2023
- STA Research: “Underperform” rating, updated on 01/23/2023
- Raymond James: Target price CAD 26, “Market Perform” rating, updated on 01/18/2023
- Cannacord Financial: Target price CAD 34, “Buy” rating, updated on 01/17/2023
- Jefferies & Company: Target price CAD 35, “Buy” rating, updated on 01/17/2023
- Barclays: Target price CAD 20, “Sell” rating, updated on 01/17/2023
FM Stock Price Forecast & Analysis
First Quantum Minerals Ltd is a mining company whose stock is currently being monitored by 23 financial analysts. These analysts have provided their stock forecasts for the next 12 months and the average target price among them is CAD 28.34. This means that the analysts, on average, expect the stock price to reach CAD 28.34 over the next 12 months.
The average analyst rating for First Quantum Minerals Ltd is “Hold”, which means that the majority of the analysts do not recommend buying the stock at the current price. This is important to consider when making investment decisions as it can indicate that the stock may not perform as well as expected in the short-term.
Stock Target Advisor has conducted its own analysis of First Quantum Minerals Ltd and has given a “Slightly Bullish” rating. This is based on a combination of 8 positive signals and 6 negative signals. Positive signals can indicate growth potential and an increasing stock price, while negative signals can indicate potential risk and a decreasing stock price.
The last closing price for First Quantum Minerals Ltd’s stock was CAD 25.65. Over the past week, the stock price has decreased by -15.51%, over the past month by -14.04%, and over the last year by -21.97%. This significant decrease in stock price is something to keep in mind when making investment decisions, as it can indicate potential risk in the short-term.
About First Quantum Minerals
First Quantum Minerals Ltd is a Canadian-based mining and metals company. The company operates mines and projects in various countries around the world, producing mainly copper, nickel, gold, and zinc. The company was founded in 1983 and is headquartered in Vancouver, Canada. First Quantum Minerals Ltd is listed on the Toronto Stock Exchange and is a publicly traded company.
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