First Quantum Minerals Limited Stock Rating Reaffirmed by Jefferies Group (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Wednesday. They currently have a GBX 1,350 ($22.92) target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 13.07% from the stock’s previous close.
A number of other analysts have also recently weighed in on FQM. Analysts at JPMorgan Chase & Co. upgraded shares of First Quantum Minerals Limited to an “overweight” rating in a research note on Tuesday, June 10th. They now have a GBX 1,470 ($24.95) price target on the stock, up previously from GBX 1,100 ($18.67). Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, May 6th. Finally, analysts at Investec raised their price target on shares of First Quantum Minerals Limited from GBX 1,270 ($21.56) to GBX 1,331 ($22.59) in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 817.15 ($13.87).
Shares of First Quantum Minerals Limited (LON:FQM) traded down 2.58% during mid-day trading on Wednesday, hitting GBX 1150.00. 14,232 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52-week low of GBX 884.50 and a 52-week high of GBX 1303.00. The stock’s 50-day moving average is GBX 1199. and its 200-day moving average is GBX 1114.. The company’s market cap is £6.753 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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