Dundee Securities lowered shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) from a buy rating to a neutral rating in a report issued on Monday. The firm currently has $13.00 price objective on the stock, down from their previous price objective of $14.00.

A number of other brokerages also recently issued reports on FQVLF. Goldman Sachs Group Inc. reiterated a sell rating and issued a $5.50 price target (up previously from $5.00) on shares of First Quantum Minerals in a research note on Friday, July 15th. 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. RBC Capital Markets reiterated a sector perform rating and issued a $11.00 price target on shares of First Quantum Minerals in a research note on Sunday, July 24th. Canaccord Genuity upgraded shares of First Quantum Minerals from a hold rating to a buy rating and lifted their price target for the stock from $9.50 to $11.75 in a research note on Tuesday, July 26th. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $10.78.

First Quantum Minerals (OTCMKTS:FQVLF) opened at 8.10 on Monday. First Quantum Minerals has a 52 week low of $1.53 and a 52 week high of $9.66. The firm’s 50-day moving average is $8.03 and its 200-day moving average is $7.49. The firm’s market cap is $5.55 billion.

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