First Quantum Mnrl (FM) has received a rating update from a Wall Street analyst today. The company received a Hold rating from National Bank’s analyst Don DeMarco, with a C$16 price target.
According to TipRanks.com, DeMarco is a 1-star analyst with an average return of -2.8% and a 38.5% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, SilverCrest Metals Inc, and Osisko Mining Inc.
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Currently, the analyst consensus on First Quantum Mnrl is a Strong Buy with an average price target of C$19.89, representing a 50.9% upside. In a report issued on October 31, CIBC also maintained a Hold rating on the stock with a C$16 price target.
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The company has a one-year high of C$23.05 and a one-year low of C$10.55. Currently, First Quantum Mnrl has an average volume of 3M.
First Quantum Minerals Ltd. engages in the production of copper, nickel, gold, zinc, and acid. It has operating mines in Zambia, Finland, Turkey, Spain, and Mauritania. It also develops Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru, and the Taca Taca copper-gold-molybdenum deposit in Argentina.
The company’s shares closed on Monday at C$13.18.
