First Quantum Minerals Ltd. (FQVLF) Given “Sell” Rating at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reissued their sell rating on shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) in a research report sent to investors on Saturday morning. They currently have a $8.00 target price on the stock, up from their prior target price of $5.50.
Several other equities research analysts also recently weighed in on FQVLF. Canaccord Genuity raised First Quantum Minerals from a hold rating to a buy rating and raised their price objective for the company from $9.50 to $11.75 in a report on Tuesday, July 26th. Barclays PLC reissued an equal weight rating on shares of First Quantum Minerals in a report on Thursday, November 10th. Berenberg Bank reissued a sell rating and set a $8.25 price objective (up previously from $8.00) on shares of First Quantum Minerals in a report on Tuesday, November 1st. Scotiabank reissued a focus stock rating and set a $15.00 price objective on shares of First Quantum Minerals in a report on Thursday, July 28th. Finally, RBC Capital Markets reissued a sector perform rating and set a $12.50 price objective on shares of First Quantum Minerals in a report on Wednesday, October 26th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $10.42.
First Quantum Minerals (OTCMKTS:FQVLF) opened at 10.42 on Friday. First Quantum Minerals has a 1-year low of $1.53 and a 1-year high of $11.60. The firm has a 50-day moving average price of $9.07 and a 200-day moving average price of $8.05. The firm has a market capitalization of $7.14 billion, a PE ratio of 151.01 and a beta of 3.41.
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