First Quantum Minerals (TSE:FM) Price Target Raised to C$22.50 at National Bankshares

First Quantum Minerals (TSE:FM - Free Report) had its price target boosted by National Bankshares from C$21.00 to C$22.50 in a research note published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts also recently weighed in on the company. Scotiabank lifted their price objective on First Quantum Minerals from C$17.00 to C$18.50 and gave the company a "sector perform" rating in a report on Tuesday, October 8th. Barclays lowered their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley increased their target price on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of "Hold" and an average price target of C$20.83.

First Quantum Minerals Trading Down 0.5 %

Shares of First Quantum Minerals stock traded down C$0.10 on Thursday, hitting C$18.51. 1,969,176 shares of the company traded hands, compared to its average volume of 2,654,389. 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 company has a market cap of C$15.44 billion, a PE ratio of -7.15, a PEG ratio of -1.28 and a beta of 1.73. The stock's 50 day moving average price is C$17.15 and its 200-day moving average price is C$17.14. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$30.68.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) EPS for the quarter, topping the consensus estimate of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The company had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion. Equities research analysts predict that First Quantum Minerals will post 0.55872 EPS for the current year.

Insiders Place Their Bets

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. Corporate 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.