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

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

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

First Quantum Minerals Stock Performance

Shares of FM stock traded up C$0.28 during trading hours on Monday, hitting C$19.39. The company's stock had a trading volume of 1,991,747 shares, compared to its average volume of 1,419,461. The stock has a market cap of C$16.17 billion, a PE ratio of -7.49, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12-month low of C$10.91 and a 12-month high of C$21.45. The company has a 50 day moving average of C$18.86 and a 200 day moving average of C$17.74. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

Insider Buying and Selling at First Quantum Minerals

In other news, Director Simon John Scott purchased 1,397 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was acquired at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is owned by insiders.

First Quantum Minerals Company Profile

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.