First Quantum Minerals (TSE:FM) PT Raised to C$22.50

First Quantum Minerals (TSE:FM) had its price target lifted by National Bankshares from C$21.00 to C$22.50 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also issued reports on FM. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price target for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. Scotiabank boosted their target price on shares of First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on First Quantum Minerals from C$18.00 to C$20.00 in a report on Thursday, October 10th. CIBC lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday. Finally, Jefferies Financial Group increased their price objective on First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, First Quantum Minerals has an average rating of “Hold” and an average target price of C$20.83.

First Quantum Minerals Stock Performance

The business has a fifty day moving average of C$17.15 and a 200-day moving average of C$17.14. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The stock has a market cap of C$15.77 billion, a PE ratio of -7.58, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$28.80.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. In other news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. 19.35% of the stock is currently owned by corporate insiders.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.