First Quantum Minerals Limited PT Raised to GBX 23 (FQM)
Equities researchers at RBC Capital raised their target price on shares of First Quantum Minerals Limited (LON:FQM) from GBX 22 ($0.36) to GBX 23 ($0.37) in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential downside of 98.07% from the company’s current price.
First Quantum Minerals Limited (LON:FQM) opened at 1193.00 on Friday. First Quantum Minerals Limited has a 1-year low of GBX 884.50 and a 1-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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at TD Securities raised their price target on shares of First Quantum Minerals Limited from GBX 19 ($0.31) to GBX 20 ($0.32) in a research note to investors on Thursday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 533.03 ($8.62).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.