First Quantum Minerals Ltd (FQVLF) Receives a Buy from CIBC

By Ryan Adsit

In a report released today, Oscar Cabrera from CIBC maintained a Buy rating on First Quantum Minerals Ltd (FQVLFResearch Report), with a price target of $14. The company’s shares closed last Monday at $6.98, close to its 52-week low of $5.91.

According to TipRanks.com, Cabrera is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -19.9% and a 25.0% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources Ltd, Trevali Mining Corporation, and Teck Resources Limited.

First Quantum Minerals Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $10.96.

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First Quantum Minerals Ltd’s market cap is currently $4.47B and has a P/E ratio of 12.43. The company has a Price to Book ratio of 0.50.

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First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other.