First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Rating of “Buy” by Brokerages
Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned a consensus recommendation of “Buy” from the twenty-three brokerages that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.07.
Several equities research analysts recently commented on FQVLF shares. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $5.50 price target (up from $5.00) on shares of First Quantum Minerals in a research note on Friday, July 15th. Credit Suisse Group AG upgraded shares of First Quantum Minerals from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $10.00 to $13.00 in a research note on Thursday, July 28th. Dundee Securities reiterated a “buy” rating and set a $13.00 price target (up from $11.00) on shares of First Quantum Minerals in a research note on Monday, July 18th. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $13.50 in a research note on Friday, July 22nd. Finally, Jefferies Group reiterated a “buy” rating and set a $14.00 price target on shares of First Quantum Minerals in a research note on Wednesday, August 24th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/first-quantum-minerals-ltd-otcmktsfqvlf-given-consensus-rating-of-buy-by-brokerages.html
First Quantum Minerals (OTCMKTS:FQVLF) traded up 0.0000% on Wednesday, reaching $7.8646. 19 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $8.52 and a 200-day moving average price of $7.17. The company’s market capitalization is $5.39 billion. First Quantum Minerals has a 1-year low of $1.53 and a 1-year high of $9.66.
About First Quantum Minerals
Receive News & Ratings for First Quantum Minerals Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.