First Quantum Minerals Limited Receives “Outperform” Rating from CIBC (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “outperform” rating restated by equities research analysts at CIBC in a research note issued to investors on Wednesday, American Banking News.com reports.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note to investors on Tuesday. They now have a GBX 1,430 ($23.57) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of First Quantum Minerals Limited to an “add” rating in a research note to investors on Monday. They now have a GBX 1,200 ($19.78) price target on the stock, down previously from GBX 1,400 ($23.07). Finally, analysts at Barclays upgraded shares of First Quantum Minerals Limited to an “overweight” rating in a research note to investors on Friday, January 10th. They now have a GBX 1,375 ($22.66) price target on the stock, up previously from GBX 1,125 ($18.54). One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 584.15 ($9.63).
Shares of First Quantum Minerals Limited (LON:FQM) traded up 2.13% during mid-day trading on Wednesday, hitting GBX 1055.00. The stock had a trading volume of 2,816 shares. First Quantum Minerals Limited has a 1-year low of GBX 884.50 and a 1-year high of GBX 1419.50. The stock’s 50-day moving average is GBX 1028. and its 200-day moving average is GBX 1082.. The company’s market cap is £6.199 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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