RBC Capital Maintains Sector Perform on First Quantum Minerals, Lowers Price Target to C$15
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sam Crittenden has maintained a 'Sector Perform' rating on First Quantum Minerals, but has significantly reduced the price target from C$38 to C$15.
December 05, 2023 | 3:32 pm
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RBC Capital's analyst Sam Crittenden maintains a 'Sector Perform' rating on First Quantum Minerals but slashes the price target from C$38 to C$15, indicating a bearish outlook on the stock's value.
The substantial reduction in the price target from C$38 to C$15 by a major analyst like RBC Capital suggests a bearish view on the stock's future performance. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100