JPMorgan Chase & Co. Has Lowered Expectations for First Quantum Minerals (TSE:FM) Stock Price

First Quantum Minerals (TSE:FM) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from C$18.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential downside of 13.27% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. National Bankshares upped their target price on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. CIBC raised their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price target for the company from C$24.00 to C$20.00 in a report on Thursday. Finally, Jefferies Financial Group lowered their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and an average price target of C$21.13.

First Quantum Minerals Price Performance

Shares of FM stock traded up C$0.59 during midday trading on Monday, reaching C$19.60. 720,476 shares of the company were exchanged, compared to its average volume of 1,837,824. The company’s 50 day moving average price is C$19.08 and its two-hundred day moving average price is C$17.92. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company has a market cap of C$16.35 billion, a P/E ratio of -7.57, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Director Simon John Scott purchased 1,397 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Company insiders own 19.35% 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.