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.

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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

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