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Equities research analysts at Morgan Stanley cut their target price on shares of First Quantum Minerals Limited (LON:FQM) from GBX 1,300 ($21.79) to GBX 1,250 ($20.95) in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 8.98% from the company’s current price.

First Quantum Minerals Limited (LON:FQM) traded down 1.38% on Wednesday, hitting GBX 1147.00. The stock had a trading volume of 3,453 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 1098.68 and a 200-day moving average of GBX 1098.. The company’s market cap is £6.740 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, February 11th. They now have a GBX 940 ($15.75) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, February 11th. Finally, analysts at Investec cut their price target on shares of First Quantum Minerals Limited from GBX 1,325 ($22.21) to GBX 1,291 ($21.64) in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 588.60 ($9.86).

First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.

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