First Quantum Minerals Limited Price Target Lowered to GBX 1,325 at Investec (FQM)
Equities research analysts at Investec reduced their price target on shares of First Quantum Minerals Limited (LON:FQM) from GBX 1,341 ($22.10) to GBX 1,325 ($21.84) in a research note issued to investors on Thursday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Investec’s price objective points to a potential upside of 17.67% from the stock’s previous close.
FQM has been the subject of a number of other recent research reports. Analysts at CIBC reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note to investors on Wednesday. Separately, 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. Finally, 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). One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 583.26 ($9.61).
Shares of First Quantum Minerals Limited (LON:FQM) traded up 9.00% on Thursday, hitting GBX 1126.00. The stock had a trading volume of 18,827 shares. 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 1028. and a 200-day moving average of GBX 1082.. The company’s market cap is £6.617 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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