First Quantum Minerals (TSE:FM) Given New C$22.50 Price Target at National Bankshares

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

Several other equities analysts have also issued reports on FM. Barclays lowered their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Morgan Stanley boosted their target price on First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. Eight Capital raised their price target on First Quantum Minerals from C$17.00 to C$22.00 in a report on Thursday, July 11th. CIBC lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Thursday, October 10th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$20.83.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$18.91 on Thursday. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$28.80. The firm has a market capitalization of C$15.77 billion, a P/E ratio of -7.58, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The business has a fifty day simple moving average of C$17.15 and a two-hundred day simple moving average of C$17.14.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction 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. 19.35% of the stock is currently owned by company insiders.

About First Quantum Minerals

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.