Analysts have been quite happy with First Quantum Mnrl (TSX: FM) stock lately, with several positive ratings in a row that it received in the past month alone. The company received a Buy today from Raymond James’ analyst Farooq Hamed, with a C$23 price target.
According to TipRanks.com, Hamed has 0 stars on 0-5 star ranking scale with an average return of -24.1% and a 26.1% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Nevsun Resources Ltd, Hudbay Minerals Inc, and Yamana Gold.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Quantum Mnrl with a C$20.38 average price target.
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 2.9M.
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 Wednesday at C$13.14.
