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First Quantum Minerals (FQVLF) Stock Forecast & Price Target

First Quantum Minerals logo
$13.78 +0.14 (+1.03%)
(As of 11/22/2024 ET)

First Quantum Minerals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
3
Buy
4

Based on 7 Wall Street analysts who have issued ratings for First Quantum Minerals in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for FQVLF.

Consensus Price Target

$16.00
16.11% Upside
According to the 7 analysts' twelve-month price targets for First Quantum Minerals, the average price target is $16.00. The highest price target for FQVLF is $16.00, while the lowest price target for FQVLF is $16.00. The average price target represents a forecasted upside of 16.11% from the current price of $13.78.
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FQVLF Analyst Ratings Over Time

TypeCurrent Forecast
11/25/23 to 11/24/24
1 Month Ago
10/26/23 to 10/25/24
3 Months Ago
8/27/23 to 8/26/24
1 Year Ago
11/25/22 to 11/25/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$16.00$16.00$21.00$24.50
Forecasted Upside16.11% Upside17.04% Upside60.67% Upside153.78% Upside
Consensus Rating
Moderate Buy
Hold
Hold
Hold

FQVLF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FQVLF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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First Quantum Minerals Stock vs. The Competition

TypeFirst Quantum MineralsBasic Materials CompaniesS&P 500
Consensus Rating Score
2.71
2.76
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside16.11% Upside117.26% Upside7.66% Upside
News Sentiment Rating
Neutral News

See Recent FQVLF News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2024Barclays
3 of 5 stars
I. Rossouw
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UpgradeHold ➝ Strong-Buy
7/8/2024Morgan Stanley
3 of 5 stars
 DowngradeOverweight ➝ Equal Weight
6/20/2024Citigroup
3 of 5 stars
A. Hacking
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UpgradeNeutral ➝ Buy
5/21/2024The Goldman Sachs Group
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 Initiated CoverageBuy
5/21/2024BMO Capital Markets
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J. Przybylowski
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DowngradeOutperform ➝ Market Perform
3/20/2024Raymond James
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 Boost TargetMarket Perform ➝ Market Perform$13.00 ➝ $16.00+48.70%
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3/4/2024Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform
10/31/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform
10/12/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$27.00 ➝ $26.00+12.07%
7/27/2023National Bank Financial
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 Boost TargetC$37.00 ➝ C$40.00
7/27/2023TD Securities
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 Boost TargetC$41.00 ➝ C$44.00
7/26/2023CIBC
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 Boost TargetC$29.00 ➝ C$34.00
7/10/2023Stifel Nicolaus
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 Lower TargetC$40.00 ➝ C$39.00
3/1/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetC$33.00 ➝ C$35.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:46 PM ET.


FQVLF Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for First Quantum Minerals is $16.00, with a high forecast of $16.00 and a low forecast of $16.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FQVLF shares.

According to analysts, First Quantum Minerals's stock has a predicted upside of 16.11% based on their 12-month stock forecasts.

Over the previous 90 days, First Quantum Minerals's stock had 1 upgrade by analysts.

First Quantum Minerals has been rated by research analysts at Barclays in the past 90 days.

Analysts like First Quantum Minerals less than other "basic materials" companies. The consensus rating score for First Quantum Minerals is 2.71 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how FQVLF compares to other companies.


This page (OTCMKTS:FQVLF) was last updated on 11/24/2024 by MarketBeat.com Staff
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