First Quantum Minerals Limited Given “Add” Rating at Numis Securities Ltd (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “add” rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Thursday. They currently have a GBX 1,300 ($22.07) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 13.04% from the company’s current price.
First Quantum Minerals Limited (LON:FQM) opened at 1185.00 on Thursday. First Quantum Minerals Limited has a 52-week low of GBX 884.50 and a 52-week high of GBX 1303.00. The stock has a 50-day moving average of GBX 1199. and a 200-day moving average of GBX 1114.. The company’s market cap is £6.958 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Wednesday. They now have a GBX 1,350 ($22.92) price target on the stock. Separately, 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). Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 817.15 ($13.87).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.