First Quantum Mnrl (FM) Received its Third Buy in a Row


Analysts seem to be feeling optimistic about First Quantum Mnrl (FM) lately, with another positive rating update this time from Beacon. Today, analyst Jacob Willoughby gave a Buy rating to FM and set a C$21 price target.

First Quantum Mnrl has an analyst consensus of Strong Buy, with a price target consensus of C$18.08, representing a 27.7% upside. In a report issued on January 28, Canaccord Genuity also maintained a Buy rating on the stock with a C$18 price target.

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The company has a one-year high of C$23.05 and a one-year low of C$9.45. Currently, First Quantum Mnrl has an average volume of 3.25M.

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 Tuesday at C$14.16.