First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

First Quantum Minerals (TSE:FM) had its price target raised by Jefferies Financial Group from C$33.00 to C$38.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 20.94% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. 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. National Bankshares increased their price target on First Quantum Minerals from C$28.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. TD Securities lifted their price target on First Quantum Minerals from C$25.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 29th. Barclays upped their price objective on First Quantum Minerals from C$25.80 to C$26.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Raymond James Financial upped their price objective on First Quantum Minerals from C$23.00 to C$25.00 in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.72.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$31.42 on Monday. The firm has a 50 day moving average of C$25.63 and a 200-day moving average of C$22.35. The stock has a market capitalization of C$26.21 billion, a PE ratio of 125.68, a PEG ratio of -1.28 and a beta of 1.58. 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 12 month low of C$14.41 and a 12 month high of C$32.76.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of C$22.82, for a total transaction of C$185,640.70. Company insiders own 19.35% of the company’s stock.

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.