JPMorgan Chase & Co. Reiterates “Neutral” Rating for First Quantum Minerals Limited (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, American Banking News reports. They currently have a GBX 110 ($1.81) price objective on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 89.76% from the company’s current price.
First Quantum Minerals Limited (LON:FQM) traded down 1.46% on Monday, hitting GBX 1074.10. The stock had a trading volume of 9,066 shares. First Quantum Minerals Limited has a 52-week low of GBX 884.50 and a 52-week high of GBX 1411.00. The stock has a 50-day moving average of GBX 1049. and a 200-day moving average of GBX 1087.. The company’s market cap is £6.312 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd downgraded shares of First Quantum Minerals Limited to a “hold” rating in a research note to investors on Friday. They now have a GBX 1,200 ($19.77) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note to investors on Friday. They now have a GBX 1,325 ($21.83) price target on the stock. Finally, analysts at Investec cut their price target on shares of First Quantum Minerals Limited from GBX 1,341 ($22.10) to GBX 1,325 ($21.83) in a research note to investors on Thursday, January 16th. They now have a “buy” 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 company. The stock presently has an average rating of “Buy” and an average target price of GBX 528.26 ($8.70).
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.