Raymond James Increases First Quantum Minerals Limited Price Target to C$28.00 (FQM)
Research analysts at Raymond James lifted their target price on shares of First Quantum Minerals Limited (LON:FQM) from C$26.00 to C$28.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Haywood Securities downgraded shares of First Quantum Minerals Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 5th. Separately, analysts at Numis Securities Ltd downgraded shares of First Quantum Minerals Limited to a “hold” rating in a research note on Monday, August 4th. They now have a GBX 1,500 ($24.82) price target on the stock, up previously from GBX 1,300 ($21.51). Finally, analysts at Jefferies Group raised their price target on shares of First Quantum Minerals Limited from GBX 1,350 ($22.34) to GBX 1,700 ($28.13) in a research note on Thursday, July 24th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 911.45 ($15.08).
Shares of First Quantum Minerals Limited (LON:FQM) traded up 4.38% on Tuesday, hitting GBX 1395.00. 1,036 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52-week low of GBX 959.50 and a 52-week high of GBX 1512.00. The stock’s 50-day moving average is GBX 1377. and its 200-day moving average is GBX 1212.68. The company’s market cap is £8.191 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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