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The price target for First Quantum Minerals (TSE:FM) has been raised to C$37.00.

The price target for First Quantum Minerals (TSE:FM) has been raised to C$37.00.

According to BayStreet.CA, research analysts at Deutsche Bank Aktiengesellschaft raised the price objective for First Quantum Minerals (TSE: FM) in a research note posted on Tuesday. The new price objective is C$37.00, an increase from the previous price objective of C$36.00. The price target had been previously set at $36.00. The price that Deutsche Bank Aktiengesellschaft has designated as its target price indicates a potential for a gain of 21.91% compared to the stock’s current price.

Several additional analysts have offered their opinions on the stock, and they have all provided their commentary. TD Securities lowered their price objective on shares of First Quantum Minerals from C$31.00 to C$30.00. They moved from a “buy” rating to a “hold” rating on the company’s stock in a research note that the brokerage firm disseminated on Thursday, October 27. The research note was made available to investors via the company’s website. JPMorgan Chase & Co. decreased their price target on shares of First Quantum Minerals from C$30.00 to C$26.00 and changed their rating on the stock from “overweight” to “sell” in a research report that was published on Friday, November 11.

Additionally, they changed their rating for the stock from “overweight” to “sell,” reflecting their bearish sentiment toward it. National Bank Financial gave First Quantum Minerals a rating of “sector perform spec overweight” in a research report published on Thursday, December 15. The report was about the company’s performance in the sector. The previous rating, “outperform specs,” has been lowered to reflect this change. Morgan Stanley has provided First Quantum Minerals with a “sell” rating and set a price target of C$23.00 for the company’s stock.

Additionally, the investment bank has set a price target of C$23.00 for the stock. On October 18, the results of a study were made available to the general public. As a result, Raymond James decreased their target price for First Quantum Minerals shares from C$29.00 to C$28.00 in a research report that was made public on November 23. Also, Raymond James lowered their rating for the stock from “outperform” to “market perform” simultaneously. In addition, they moved the stock’s rating from “outperform” to “market perform,” reflecting their less optimistic outlook. Seven research professionals have recommended that the company’s stock be purchased; six research professionals have suggested that the company’s stock be held; and three research professionals have suggested that the company’s stock be sold. According to a report published on the website Bloomberg.com, the current average rating for the company is “Hold,” and the price objective for the stock is set at C$31.95.

During trading on Tuesday, the price of a share of TSE: FM fell by C$0.64, bringing it to a new level of C$30.35. The total number of company stock shares that changed hands was 1,295,426. This is significantly lower than the company’s average trading volume of 2,098,863 shares. The debt-to-equity ratio presently stands at 67.97, the quick ratio stands at 1.41, and the current ratio stands at 2.43. The price of First Quantum Minerals has ranged from 18.67 Canadian dollars to 45.38 Canadian dollars over the past year, with an all-time high of 45.38. The simple moving average for the past 50 days of the company’s stock price is 29.83 Canadian dollars, and the simple moving average for the past 200 days is 25.65 Canadian dollars. The company’s price-to-earnings ratio is 13.35, and its market value is currently calculated to be 21.02 billion Canadian dollars.

First Quantum Minerals (TSE: FM) disseminated the findings of its most recent quarterly earnings report on Tuesday, October 25. The report was for the company’s fiscal third quarter. The consensus forecast of financial analysts was that the company would report quarterly earnings per share of 0.27 Canadian dollars, but the company reported earnings of only 0.18 Canadian dollars. Even though analysts had predicted that the company would report sales of C$2.23 billion for the quarter, it only reported having sales

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