First Quantum Minerals (TSE:FM) Price Target Cut to C$17.00 by Analysts at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its target price decreased by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on FM. Morgan Stanley increased their price objective on shares of 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. CIBC upped their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their target price on First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their target price for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, First Quantum Minerals has an average rating of “Hold” and a consensus price target of C$21.13.

First Quantum Minerals Trading Up 4.7 %

TSE FM opened at C$19.90 on Monday. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The stock has a market capitalization of C$16.60 billion, a P/E ratio of -7.68, a PEG ratio of -1.28 and a beta of 1.73. The firm’s 50-day moving average is C$19.10 and its two-hundred day moving average is C$17.94. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45.

Insiders Place Their Bets

In other First Quantum Minerals news, Director Simon John Scott acquired 1,397 shares of the company’s stock in a transaction dated 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. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the business’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. 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.