Published On: Thu, Sep 22nd, 2016

First Quantum Minerals Ltd. (FQVLF) Earns “Outperform” Rating from Sanford C. Bernstein

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)‘s stock had its “outperform” rating reissued by analysts at Sanford C. Bernstein in a report issued on Thursday.
Several other research analysts have also recently weighed in on the stock. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price target for the stock from $11.00 to $13.50 in a report on Friday, July 22nd. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $5.00 price target on shares of First Quantum Minerals in a report on Wednesday, June 15th. Credit Suisse Group AG raised shares of First Quantum Minerals from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $10.00 to $13.00 in a report on Thursday, July 28th. Canaccord Genuity raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price target for the stock from $9.50 to $11.75 in a report on Tuesday, July 26th. Finally, Dundee Securities reaffirmed a “buy” rating and issued a $13.00 price target (up previously from $11.00) on shares of First Quantum Minerals in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $10.78.

Shares of First Quantum Minerals (OTCMKTS:FQVLF) traded up 7.914% on Thursday, hitting $8.487. The stock had a trading volume of 13,391 shares. The company’s market capitalization is $5.82 billion. First Quantum Minerals has a 1-year low of $1.53 and a 1-year high of $9.66. The firm has a 50-day moving average of $8.50 and a 200 day moving average of $7.17.

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