Jefferies Thinks First Quantum Minerals’ Stock is Going to Recover
In a report released today, Chris LaFemina from Jefferies maintained a Buy rating on First Quantum Minerals (FQVLF – Research Report), with a price target of C$45.00. The companys shares closed last Friday at $19.25, close to its 52-week low of $16.19.
According to TipRanks.com, LaFemina is a 3-star analyst with an average return of 2.7% and a 46.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Peabody Energy Comm, and Rio Tinto Limited.
Currently, the analyst consensus on First Quantum Minerals is a Moderate Buy with an average price target of $31.59, which is a 54.1% upside from current levels. In a report issued on July 3, J.P. Morgan also maintained a Buy rating on the stock with a C$40.00 price target.
See today’s best-performing stocks on TipRanks >> First Quantum Minerals market cap is currently $14.26B and has a P/E ratio of 13.20. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Cobre Panama, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other. The Corporate and Other segment deals with the evaluation and acquisition of new mineral properties, regulatory reporting, treasury and finance, and corporate administration. The company was founded by Philip K.R. Pascall, Geoffrey Clive Newall, and Martin R. Rowley on December 21, 1983 and is headquartered in Toronto, Canada. Read More on FQVLF:- CIBC Thinks Hardwoods Distribution’s Stock is Going to Recover
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