First Quantum Minerals (TSE:FM) Price Target Raised to C$25.00

First Quantum Minerals (TSE:FM) had its price objective raised by Raymond James Financial from C$23.00 to C$25.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Scotiabank upped their price target on shares of First Quantum Minerals from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 6th. Desjardins upped their price target on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, National Bankshares upped their price target on shares of First Quantum Minerals from C$28.50 to C$29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.65.

First Quantum Minerals Trading Up 4.3%

First Quantum Minerals stock opened at C$23.47 on Thursday. The stock has a market cap of C$13.32 billion, a P/E ratio of -8.67, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a fifty-two week low of C$13.81 and a fifty-two week high of C$25.96. The firm’s fifty day moving average price is C$23.31 and its 200-day moving average price is C$20.59. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

Insiders Place Their Bets

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. Also, Director Alison Cheryl Beckett bought 1,029 shares of First Quantum Minerals stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average cost of C$24.59 per share, for a total transaction of C$25,307.84. 19.35% of the stock is owned by corporate insiders.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.