First Quantum Minerals Limited’s “Buy” Rating Reaffirmed at Goldman Sachs Group Inc. (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday, Analyst RN reports. They currently have a GBX 1,300 ($20.75) price objective on the stock, up from their previous price objective of GBX 1,225 ($19.56). Goldman Sachs Group Inc.’s price target would indicate a potential upside of 16.18% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of First Quantum Minerals Limited in a research note to investors on Wednesday. They now have a GBX 21 ($0.34) price target on the stock, up previously from GBX 20.50 ($0.33). Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of First Quantum Minerals Limited in a research note to investors on Monday, October 7th. They now have a GBX 850 ($13.57) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of First Quantum Minerals Limited from GBX 870 ($13.89) to GBX 850 ($13.57) in a research note to investors on Monday, September 23rd. They now have a “sell” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 623.40 ($9.95).
Shares of First Quantum Minerals Limited (LON:FQM) traded down 0.27% on Thursday, hitting GBX 1119.00. The stock had a trading volume of 58,600 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 £6.569 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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