First Quantum Minerals Limited Stock Rating Reaffirmed by Jefferies Group (FQM)
First Quantum Minerals Limited (LON:FQM)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a report issued on Friday. They currently have a GBX 1,700 ($28.13) target price on the stock. Jefferies Group’s target price would indicate a potential upside of 25.46% from the company’s current price.
FQM has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of First Quantum Minerals Limited from C$26.00 to C$28.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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). Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 911.45 ($15.08).
First Quantum Minerals Limited (LON:FQM) traded up 0.89% during mid-day trading on Friday, hitting GBX 1367.00. The stock had a trading volume of 3,064 shares. 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 1375. and its 200-day moving average is GBX 1217.. The company’s market cap is £8.027 billion.
First Quantum Minerals Ltd. (LON:FQM) is a mineral exploration, development and mining company.
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