First Quantum Minerals Limited Stock Rating Lowered by Numis Securities Ltd (FQM)
First Quantum Minerals Limited (LON:FQM) was downgraded by equities research analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 1,200 ($19.78) price target on the stock, down from their previous price target of GBX 1,400 ($23.07). Numis Securities Ltd’s price target points to a potential upside of 16.28% from the stock’s previous close.
First Quantum Minerals Limited (LON:FQM) opened at 1032.00 on Monday. First Quantum Minerals Limited has a one year low of GBX 884.50 and a one year high of GBX 1419.50. The stock has a 50-day moving average of GBX 1031. and a 200-day moving average of GBX 1077.. The company’s market cap is £6.064 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of First Quantum Minerals Limited to an “overweight” rating in a research note to investors on Friday. They now have a GBX 1,375 ($22.66) price target on the stock, up previously from GBX 1,125 ($18.54). Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of First Quantum Minerals Limited from GBX 940 ($15.49) to GBX 1,100 ($18.13) in a research note to investors on Wednesday, January 8th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of First Quantum Minerals Limited from GBX 1,250 ($20.60) to GBX 940 ($15.49) in a research note to investors on Friday, December 13th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 576.93 ($9.51).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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