First Quantum Minerals (TSE:FM) Given New C$24.00 Price Target at National Bankshares

First Quantum Minerals (TSE:FM - Free Report) had its target price cut by National Bankshares from C$25.50 to C$24.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on the stock. Raymond James lifted their price target on shares of First Quantum Minerals from C$20.00 to C$21.00 in a report on Friday, April 4th. Barclays dropped their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Morgan Stanley cut their price objective on First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. Stifel Canada raised shares of First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Finally, Scotiabank dropped their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Stock Performance

Shares of FM stock traded down C$0.16 on Wednesday, reaching C$16.56. The stock had a trading volume of 1,935,179 shares, compared to its average volume of 2,715,386. The company has a 50 day simple moving average of C$18.59 and a 200 day simple moving average of C$18.74. The stock has a market cap of C$9.40 billion, a P/E ratio of -6.12, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same period last year, the business posted ($0.37) earnings per share. Equities research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Buying and Selling

In other news, Director Alison Cheryl Beckett acquired 1,388 shares of the firm's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of C$19.25 per share, for a total transaction of C$26,719.00. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of C$17.23 per share, with a total value of C$430,842.13. 19.35% of the stock is currently owned by company insiders.

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.