Barclays Increases First Quantum Minerals (TSE:FM) Price Target to C$18.00

First Quantum Minerals (TSE:FM) had its target price increased by Barclays from C$16.00 to C$18.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other research firms have also recently commented on FM. Jefferies Financial Group lifted their target price on shares of First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. CIBC lifted their price objective on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a neutral rating in a research note on Thursday, June 20th. Raymond James raised their target price on First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. Cormark lowered their price target on First Quantum Minerals from C$25.00 to C$23.50 and set a buy rating for the company in a research report on Thursday, July 25th. Finally, Citigroup raised First Quantum Minerals from a neutral rating to a buy rating and increased their price objective for the company from C$14.00 to C$26.00 in a report on Thursday, June 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of Hold and a consensus target price of C$19.99.

First Quantum Minerals Trading Down 3.1 %

First Quantum Minerals stock opened at C$15.48 on Thursday. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$37.61. The stock has a market cap of C$12.90 billion, a PE ratio of -6.70, a price-to-earnings-growth ratio of -1.28 and a beta of 1.96. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68. The stock has a 50-day moving average of C$17.43 and a two-hundred day moving average of C$15.67.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 49,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total value of C$885,022.50. Corporate insiders own 16.10% of the company’s stock.

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.