Citigroup Inc. Reiterates Sell Rating for First Quantum Minerals Limited (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “sell” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a GBX 950 ($16.30) target price on the stock. Citigroup Inc.’s target price would indicate a potential downside of 30.71% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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 ($22.30) 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 ($23.16) 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 ($25.21) price target on the stock, up previously from GBX 1,100 ($18.87). One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. First Quantum Minerals Limited presently has an average rating of “Buy” and an average price target of GBX 816.98 ($14.01).
Shares of First Quantum Minerals Limited (LON:FQM) traded up 3.50% on Monday, hitting GBX 1419.00. 26,802 shares of the company’s stock traded hands. First Quantum Minerals Limited has a one year low of GBX 959.50 and a one year high of GBX 1419.00. The stock’s 50-day moving average is GBX 1234. and its 200-day moving average is GBX 1139.06. The company’s market cap is £8.332 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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