First Quantum Minerals price target raised to C$21.60 from C$21.40 at Barclays

Barclays raised the firm’s price target on First Quantum Minerals (FQVLF) to C$21.60 from C$21.40 and keeps an Overweight rating on the shares. The recent bond refinance and prepayment boosts the company’s balance sheet liquidity “at an important time as discussions commence with the government in Panama,” the analyst tells investors in a research note.