First Quantum Minerals (TSE:FM) Given New C$22.00 Price Target at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its target price lowered by Jefferies Financial Group from C$23.00 to C$22.00 in a report released on Monday morning,BayStreet.CA reports.

FM has been the subject of a number of other reports. National Bankshares increased their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Morgan Stanley lifted their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Scotiabank raised their price target on First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, CIBC boosted their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$21.00.

First Quantum Minerals Trading Up 1.5 %

TSE:FM opened at C$19.39 on Monday. The firm has a market capitalization of C$16.17 billion, a P/E ratio of -7.49, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The company has a fifty day moving average of C$18.86 and a 200 day moving average of C$17.74. First Quantum Minerals has a 52 week low of C$10.91 and a 52 week high of C$21.45.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the business’s stock in a transaction on 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. 19.35% of the stock is 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.