First Quantum Minerals Limited Given New GBX 850 Price Target at Citigroup Inc. (FQM)
Analysts at Citigroup Inc. reduced their target price on shares of First Quantum Minerals Limited (LON:FQM) from GBX 870 ($13.94) to GBX 850 ($13.62) in a research report issued to clients and investors on Monday, American Banking & Market News reports. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s target price points to a potential downside of 26.79% from the stock’s previous close.
First Quantum Minerals Limited (LON:FQM) traded down 1.36% during mid-day trading on Monday, hitting GBX 1161.00. 10,158 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52-week low of GBX 884.50 and a 52-week high of GBX 1536.00. The stock has a 50-day moving average of GBX 1114.68 and a 200-day moving average of GBX 1128.. The company’s market cap is £6.816 billion.
A number of other analysts have also recently weighed in on FQM. Analysts at Jefferies Group reiterated a “buy” rating on shares of First Quantum Minerals Limited (LON:FQM) in a research note to investors on Monday, September 9th. They now have a GBX 1,400 ($22.43) price target on the stock. Separately, analysts at Nomura downgraded shares of First Quantum Minerals Limited (LON:FQM) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. Finally, analysts at National Bank Financial downgraded shares of First Quantum Minerals Limited (LON:FQM) to a “sector perform” rating in a research note to investors on Friday, August 23rd.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. First Quantum Minerals Limited has a consensus rating of “Hold” and a consensus price target of GBX 620.49 ($9.94).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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