First Quantum Minerals (TSE:FM) Given New C$17.00 Price Target at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM - Free Report) had its price target decreased by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other brokerages also recently commented on FM. Morgan Stanley increased their price objective 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. National Bankshares increased their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Canaccord Genuity Group downgraded First Quantum Minerals from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Barclays decreased their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday. Finally, Royal Bank of Canada boosted their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$21.47.

First Quantum Minerals Price Performance

FM stock traded down C$0.51 on Thursday, hitting C$17.68. 2,279,352 shares of the company's stock traded hands, compared to its average volume of 1,979,015. The stock has a market cap of C$14.75 billion, a price-to-earnings ratio of -6.83, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1-year low of C$10.91 and a 1-year high of C$21.45. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The stock has a fifty day moving average of C$19.11 and a 200-day moving average of C$17.98.

Insiders Place Their Bets

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction dated 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 acquired 1,397 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$18.57 per share, with a total value of C$25,942.29. Insiders own 19.35% of the company's stock.

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.