First Quantum Minerals’ (FQVLF) Underweight Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their underweight rating on shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) in a report released on Tuesday. JPMorgan Chase & Co. currently has a $6.70 price target on the stock, down from their previous price target of $8.00.
A number of other equities analysts have also recently weighed in on FQVLF. Canaccord Genuity upgraded shares of First Quantum Minerals from a hold rating to a buy rating and upped their price objective for the stock from $9.50 to $11.75 in a research report on Tuesday, July 26th. RBC Capital Markets reaffirmed a sector perform rating and set a $12.50 target price on shares of First Quantum Minerals in a report on Wednesday, October 26th. Berenberg Bank reaffirmed a sell rating and set a $8.25 target price (up previously from $8.00) on shares of First Quantum Minerals in a report on Tuesday, November 1st. Scotiabank reaffirmed a focus stock rating and set a $15.00 target price on shares of First Quantum Minerals in a report on Thursday, July 28th. Finally, Dundee Securities lowered shares of First Quantum Minerals from a buy rating to a neutral rating and dropped their target price for the stock from $14.00 to $13.00 in a report on Monday, October 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $10.58.
Shares of First Quantum Minerals (OTCMKTS:FQVLF) opened at 11.3773 on Tuesday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 164.8884 and a beta of 3.41. The company’s 50-day moving average is $8.70 and its 200-day moving average is $7.93. First Quantum Minerals has a one year low of $1.53 and a one year high of $11.60.
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