Shares of First Quantum Minerals Limited (TSE:FM) have been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the company, MarketBeat.Com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$10.79.

First Quantum Minerals Limited (TSE:FM) traded up 14.94% on Friday, reaching $3.00. The company had a trading volume of 7,772,844 shares. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $19.83. The stock has a 50 day moving average of $4.01 and a 200 day moving average of $6.78. The firm’s market capitalization is $2.05 billion.

FM has been the subject of several analyst reports. Goldman Sachs upped their target price on First Quantum Minerals Limited from C$6.00 to C$8.20 in a research report on Friday, October 9th. CIBC decreased their target price on First Quantum Minerals Limited from C$26.00 to C$19.00 in a research report on Friday, October 2nd. National Bank Financial decreased their target price on First Quantum Minerals Limited from C$15.50 to C$12.50 in a research report on Wednesday, October 21st. decreased their target price on First Quantum Minerals Limited from C$15.50 to C$12.50 in a research report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. decreased their target price on First Quantum Minerals Limited from C$15.72 to C$2.90 in a research report on Monday, January 18th.

First Quantum Minerals Ltd. is a Canada-based mining and metals company. The Company is engaged in the production of copper, nickel, gold, zinc, platinum group elements (TSE:FM) and acid, and related activities, including exploration and development. Its operating mines are located in Zambia, Australia, Finland, Turkey, Spain and Mauritania. The Company’s operations include the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Kevitsa nickel-copper-PGE mine, the Pyhasalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine and the Cayeli copper-zinc mine. The Company is developing the Trident project in Zambia, the Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru and the Taca Taca copper-gold-molybdenum porphyry deposit in Argentina. Its subsidiareies include Kansanshi Mining Plc, First Quantum Mining and Operations Limited, Mauritanian Copper Mines SARL and FQM Kevitsa Mining OY, among others.

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