First Quantum Minerals (TSE:FM – Get Rating) had its price objective lowered by Raymond James from C$28.00 to C$26.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.
A number of other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on First Quantum Minerals from C$36.00 to C$37.00 in a report on Tuesday, January 10th. Barclays dropped their target price on First Quantum Minerals from C$23.00 to C$20.00 in a report on Tuesday. CSFB dropped their price target on First Quantum Minerals from C$33.00 to C$31.00 in a report on Thursday, October 27th. CIBC lifted their price target on First Quantum Minerals from C$26.00 to C$28.00 in a report on Monday, December 5th. Finally, Credit Suisse Group dropped their price target on First Quantum Minerals to C$31.00 in a report on Thursday, October 27th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of C$31.05.
First Quantum Minerals Stock Up 1.5 %
Shares of TSE:FM opened at C$30.02 on Wednesday. The business’s 50 day simple moving average is C$30.21 and its two-hundred day simple moving average is C$25.88. The firm has a market cap of C$20.79 billion and a P/E ratio of 13.17. The company has a debt-to-equity ratio of 67.97, a quick ratio of 1.41 and a current ratio of 2.43. First Quantum Minerals has a 52-week low of C$18.67 and a 52-week high of C$45.38.
In other news, Senior Officer Zenon Wozniak sold 30,965 shares of First Quantum Minerals stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$30.90, for a total value of C$956,818.50. Following the completion of the transaction, the insider now directly owns 49,161 shares in the company, valued at C$1,519,074.90.
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, gold, silver, 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.
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