A Reversal for First Quantum Minerals Limited Is Not Near. The Stock Reaches 52-Week Low Today

Share with your friends


The stock of First Quantum Minerals Limited (LON:FQM) hit a new 52-week low and has GBX 186.19 target or 14.00% below today’s GBX 216.50 share price. The 6 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Dec, 8 by Barchart.com. If the GBX 186.19 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 11.09% or GBX 27 on December 7, hitting GBX 216.5. About 36,661 shares traded hands or 36.66% up from the average. First Quantum Minerals Limited (LON:FQM) has declined 77.68% since May 11, 2015 and is downtrending. It has underperformed by 76.60% the S&P500.

Out of 13 analysts covering First Quantum Minerals LD (LON:FQM), 6 rate it “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. First Quantum Minerals LD was the topic in 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc.

First Quantum Minerals Ltd. is a Canada mining and metals company. The company has a market cap of GBP. The Firm is engaged in the production of copper, nickel, gold, zinc, platinum group elements and acid, and related activities, including exploration and development. It currently has negative earnings. The Company’s operating mines are located in Zambia, Australia, Finland, Turkey, Spain and Mauritania.

First Quantum Minerals Limited - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Add Comment