Raymond James Raises First Quantum Minerals (TSE:FM) Stock To a “Strong Buy” Rating


First Quantum Minerals (TSE:FM) Stock Upgrade

First Quantum Minerals (TSE:FM) was lifted by Raymond James from a “Outperform” rating to a solid “Strong Buy” rating in a recent report distributed to Clients on Friday morning.

From a total of 27 analysts covering First Quantum Minerals (TSE:FM) stock, 15 rate it a ”Buy”, 1 a “Sell”, and 12 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is $17.8 while the lowest target price is $4.5. The mean of all analyst targets is $9.3 with a 158.10% above today’s ($4.94) stock price. First Quantum Minerals was the topic of 34 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets upgraded shares on November 10 to “Outperform” rating. Barclays Capital maintained FM stock in a recent report from October 7 with “Overweight” rating. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on an October 7.

Approximately 2.62 million shares of stock traded hands. First Quantum Minerals Limited (TSE:FM) has declined 74.49% since May 1, 2015 and is downtrending. It has underperformed by 71.70% the S&P500.

 Raymond James Raises First Quantum Minerals (TSE:FM) Stock To a

First Quantum Minerals Ltd. is a Canada mining and metals company. The company has a market cap of $3.37 billion. The Firm is engaged in the production of copper, nickel, gold, zinc, platinum group elements and acid, and related activities, including exploration and development. It currently has negative earnings. The Company’s operating mines are located in Zambia, Australia, Finland, Turkey, Spain and Mauritania.