National Bankshares Cuts First Quantum Minerals (TSE:FM) Price Target to C$21.00

First Quantum Minerals (TSE:FM - Get Free Report) had its price objective decreased by equities researchers at National Bankshares from C$22.00 to C$21.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 20.21% from the company's current price.

Several other brokerages have also recently weighed in on FM. CIBC raised their price objective on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a "neutral" rating in a research note on Thursday, June 20th. Morgan Stanley upped their price objective on shares of First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Royal Bank of Canada decreased their price objective on shares of First Quantum Minerals from C$25.00 to C$22.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Cormark cut their target price on First Quantum Minerals from C$25.00 to C$23.50 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Finally, Jefferies Financial Group upped their target price on First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$20.64.

First Quantum Minerals Stock Down 4.6 %

Shares of TSE FM traded down C$0.84 during mid-day trading on Tuesday, reaching C$17.47. 3,038,774 shares of the company's stock traded hands, compared to its average volume of 2,689,017. 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 business has a 50-day simple moving average of C$16.77 and a 200 day simple moving average of C$16.92. The stock has a market cap of C$14.57 billion, a P/E ratio of -6.88, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$32.47.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating the consensus estimate of C($0.05) by C$0.02. The business had revenue of C$1.68 billion for the quarter, compared to analysts' expectations of C$1.42 billion. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. On average, analysts expect that First Quantum Minerals will post 0.3652482 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. 19.35% of the stock is currently 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.