First Quantum Minerals Limited (TSE:FM)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse in a note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a C$8.00 price objective on the stock. Credit Suisse’s price target would suggest a potential upside of 207.69% from the company’s current price.

First Quantum Minerals Limited (TSE:FM) traded down 2.69% during trading on Thursday, reaching $2.53. 6,569,330 shares of the company’s stock were exchanged. First Quantum Minerals Limited has a 52-week low of $2.15 and a 52-week high of $19.83. The firm’s market cap is $1.73 billion. The stock’s 50 day moving average price is $4.07 and its 200 day moving average price is $6.81.

A number of other equities analysts also recently weighed in on FM. RBC Capital reissued a “sector perform” rating and issued a C$6.50 price target on shares of First Quantum Minerals Limited in a report on Tuesday, January 19th. National Bank Financial cut First Quantum Minerals Limited from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Sunday, January 10th. Dundee Securities restated a “neutral” rating on shares of First Quantum Minerals Limited in a research note on Wednesday, October 21st. Nomura lowered their price objective on First Quantum Minerals Limited from C$10.00 to C$9.00 and set a “neutral” rating on the stock in a research note on Friday, January 15th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of First Quantum Minerals Limited in a research note on Wednesday, October 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$12.24.

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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