First Quantum Minerals Limited Receives Average Rating of “Buy” from Brokerages (LON:FQM)
First Quantum Minerals Limited (LON:FQM) has been given an average recommendation of “Buy” by the twenty-one analysts that are presently covering the company, Analyst RN reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 817.15 ($13.91).
Shares of First Quantum Minerals Limited (LON:FQM) traded down 2.89% during mid-day trading on Thursday, hitting GBX 1210.00. 3,633 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 1-year low of GBX 893.9999 and a 1-year high of GBX 1303.00. The stock has a 50-day moving average of GBX 1204.93 and a 200-day moving average of GBX 1121.. The company’s market cap is £7.105 billion.
A number of analysts have recently weighed in on FQM shares. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of First Quantum Minerals Limited in a research note on Thursday, June 19th. They now have a GBX 1,300 ($22.12) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Wednesday, June 18th. They now have a GBX 1,350 ($22.97) price target on the stock. Finally, 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 ($25.02) price target on the stock, up previously from GBX 1,100 ($18.72).
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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