First Quantum Minerals (FM:TSX) Barclays Cuts Target on Valuation

Fundamental Analysis on First Quantum Minerals is Bearish

Analyst Ratings Coverage

Barclays Capital (Analyst Rank #4) issued a research report on Friday July 7th, and lowered the 12 month target on First Quantum Mineral’s stock to $26 from $27, with a Underweight rating.

FM:CA Ratings by Stock Target Advisor

FM Stock Forecast & Analysis

First Quantum Minerals Ltd is a base metals, copper mining company that has garnered attention from analysts and experts in the financial market. According to a stock forecast from 27 analysts, the average analyst target price for First Quantum Minerals Ltd over the next 12 months is CAD 31.85. This indicates the price at which analysts expect the stock to reach in the future, based on their analysis of the company’s performance, industry trends, and market conditions.

The average analyst rating of First Quantum Minerals Ltd is considered a “Hold.” This suggests that analysts have a neutral stance on the stock and are not advising investors to either buy or sell it at the moment. It’s worth noting that analyst ratings can vary, and individual investors should conduct their own research and consider their investment goals before making any decisions.

Stock Target Advisor has also evaluated First Quantum Minerals Ltd. Their analysis indicates a slightly bullish sentiment towards the stock, based on 9 positive signals and 7 negative signals. These signals likely encompass various factors, such as technical indicators, market trends, company news, and financial performance.

As of the last closing, the stock price of First Quantum Minerals Ltd stood at CAD 31.30. This represents the price at which the stock traded at the end of the most recent trading day. Over the past week, the stock has shown a positive change of +2.49%, suggesting a slight upward trend in its price. Similarly, over the past month, the stock has increased by +4.06%, indicating a more substantial upward movement. Looking at the longer term, over the last year, the stock price of First Quantum Minerals Ltd has experienced a significant gain of +29.88%.

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