Citigroup Inc. Reiterates Sell Rating for First Quantum Minerals Limited (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “sell” rating restated by Citigroup Inc. in a research note issued on Monday, StockRatingsNetwork reports. They currently have a GBX 850 ($13.64) price target on the stock. Citigroup Inc.’s price target would indicate a potential downside of 23.77% from the company’s current price.
First Quantum Minerals Limited (LON:FQM) traded up 1.01% on Monday, hitting GBX 1103.00. The stock had a trading volume of 1,553 shares. 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 £6.475 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 in a research note to investors on Monday, September 9th. They now have a GBX 1,400 ($22.46) price target on the stock. Separately, analysts at Nomura downgraded shares of First Quantum Minerals Limited 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 to a “sector perform” rating in a research note to investors on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. First Quantum Minerals Limited presently has a consensus rating of “Hold” and an average target price of GBX 620.49 ($9.95).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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