In a report released today, Ioannis Masvoulas from Morgan Stanley maintained a Hold rating on First Quantum Minerals, with a price target of C$31.20. The company’s shares closed yesterday at $22.51.
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According to TipRanks, Masvoulas is a 4-star analyst with an average return of 5.9% and a 60.30% success rate. Masvoulas covers the Basic Materials sector, focusing on stocks such as Lundin Mining, Antofagasta, and Holmen AB.
In addition to Morgan Stanley, First Quantum Minerals also received a Hold from Desjardins’s Bryce Adams in a report issued on October 2. However, on October 6, Jefferies maintained a Buy rating on First Quantum Minerals (Other OTC: FQVLF).
The company has a one-year high of $24.01 and a one-year low of $10.18. Currently, First Quantum Minerals has an average volume of 227.3K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FQVLF in relation to earlier this year.
Read More on FQVLF:
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