BMO Capital Maintains Outperform on First Quantum Minerals, Lowers Price Target to C$30
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski has maintained an Outperform rating on First Quantum Minerals but has reduced the price target from C$32 to C$30.
November 14, 2023 | 2:39 pm
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BMO Capital analyst has maintained an Outperform rating on First Quantum Minerals, signaling continued confidence in the company's performance, but lowered the price target, suggesting a slightly reduced growth outlook.
The maintenance of an Outperform rating indicates that BMO Capital still sees First Quantum Minerals as a strong investment. However, the reduction in the price target could reflect a minor adjustment in expectations due to market conditions or company performance. This news is likely to have a neutral short-term impact on the stock as the positive sentiment from the Outperform rating is balanced by the slight decrease in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100