First Quantum Minerals Limited Stock Rating Upgraded by TD Securities (FQM)
First Quantum Minerals Limited (LON:FQM) was upgraded by research analysts at TD Securities to a “buy” rating in a report released on Wednesday, American Banking News reports.
Shares of First Quantum Minerals Limited (LON:FQM) traded up 2.24% during mid-day trading on Wednesday, hitting GBX 1095.00. 3,742 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 1-year low of GBX 884.50 and a 1-year high of GBX 1411.00. The stock’s 50-day moving average is GBX 1057.18 and its 200-day moving average is GBX 1090.68. The company’s market cap is £6.434 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of First Quantum Minerals Limited from GBX 900 ($14.83) to GBX 940 ($15.49) in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note to investors on Tuesday. They now have a GBX 1,300 ($21.42) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of First Quantum Minerals Limited in a research note to investors on Monday. They now have a GBX 110 ($1.81) price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 551.69 ($9.09).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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