First Quantum Minerals (FQVLF) Received its Third Buy in a Row

After RBC Capital and CIBC gave First Quantum Minerals (Other OTC: FQVLF) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Farooq Hamed maintained a Buy rating on First Quantum Minerals today and set a price target of C$15.00. The company’s shares closed last Monday at $8.90.

According to TipRanks.com, Hamed is ranked #5736 out of 5917 analysts.

First Quantum Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $11.63, which is a 29.1% upside from current levels. In a report released yesterday, CIBC also reiterated a Buy rating on the stock with a C$18.00 price target.

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The company has a one-year high of $12.50 and a one-year low of $5.91. Currently, First Quantum Minerals has an average volume of 49.15K.

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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.