RBC Capital Downgrades First Quantum Minerals to Sector Perform, Lowers Price Target to C$38
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sam Crittenden has downgraded First Quantum Minerals (TSX:FM) from Outperform to Sector Perform and lowered the price target from C$42 to C$38.
October 26, 2023 | 4:58 pm
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First Quantum Minerals has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from C$42 to C$38.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for First Quantum Minerals. The lowering of the price target from C$42 to C$38 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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