First Quantum Minerals Limited Price Target Increased to GBX 22.50 by Analysts at Scotiabank (FQM)
Investment analysts at Scotiabank boosted their price target on shares of First Quantum Minerals Limited (LON:FQM) from GBX 21 ($0.34) to GBX 22.50 ($0.36) in a note issued to investors on Friday, AnalystRatingsNetwork reports. Scotiabank’s price objective would indicate a potential downside of 98.11% from the stock’s previous close.
FQM has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of First Quantum Minerals Limited from GBX 22 ($0.36) to GBX 23 ($0.37) in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of First Quantum Minerals Limited from GBX 19.50 ($0.32) to GBX 20.50 ($0.33) in a research note to investors on Friday. Finally, analysts at National Bank Financial raised their price target on shares of First Quantum Minerals Limited from GBX 20.50 ($0.33) to GBX 21.25 ($0.34) in a research note to investors on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 533.03 ($8.62).
First Quantum Minerals Limited (LON:FQM) opened at 1193.00 on Friday. First Quantum Minerals Limited has a one year low of GBX 884.50 and a one year high of GBX 1536.00. The stock’s 50-day moving average is GBX 1136. and its 200-day moving average is GBX 1100.. The company’s market cap is £7.004 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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