First Quantum Minerals Limited Given New GBX 1,250 Price Target at Morgan Stanley (FQM)
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.