First Quantum Minerals (TSE:FM) Price Target Raised to C$35.00

First Quantum Minerals (TSE:FM) had its price objective increased by TD Securities from C$30.00 to C$35.00 in a report released on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on FM. Desjardins boosted their price objective on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research note on Wednesday, August 20th. National Bankshares boosted their target price on shares of First Quantum Minerals from C$32.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. CIBC boosted their target price on shares of First Quantum Minerals from C$26.00 to C$36.00 in a research report on Friday, October 10th. Barclays boosted their target price on shares of First Quantum Minerals from C$27.30 to C$38.00 in a research report on Friday, October 10th. Finally, Scotiabank boosted their target price on shares of First Quantum Minerals from C$28.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$33.73.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at C$29.89 on Tuesday. The firm has a fifty day simple moving average of C$27.60 and a 200-day simple moving average of C$23.30. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$33.88. The stock has a market capitalization of C$24.93 billion, a price-to-earnings ratio of 119.56, a PEG ratio of -1.28 and a beta of 1.58.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 8,135 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of C$22.82, for a total value of C$185,640.70. 19.35% of the stock is owned by company insiders.

First Quantum Minerals Company Profile

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.