Stifel Nicolaus Analysts Give First Quantum Minerals (TSE:FM) a C$40.00 Price Target

First Quantum Minerals (TSE:FM – Get Rating) has been assigned a C$40.00 target price by research analysts at Stifel Nicolaus in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 26.30% from the stock’s current price.

FM has been the subject of a number of other reports. Canaccord Genuity Group raised their price target on First Quantum Minerals from C$34.00 to C$36.00 in a research note on Thursday, March 9th. National Bank Financial raised First Quantum Minerals from a “sector perform spec overwgt” rating to an “outperform spec market weight” rating in a research note on Wednesday, April 26th. National Bankshares raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$38.00 to C$39.00 in a research note on Thursday, April 27th. Scotiabank raised their price target on First Quantum Minerals from C$40.00 to C$41.00 in a research note on Tuesday, April 18th. Finally, CIBC raised their price target on First Quantum Minerals from C$26.00 to C$28.00 in a research note on Friday, March 10th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$32.26.

First Quantum Minerals Stock Up 0.2 %

Shares of First Quantum Minerals stock opened at C$31.67 on Friday. The stock has a 50-day moving average price of C$31.52 and a 200 day moving average price of C$30.16. The company has a market cap of C$21.93 billion, a P/E ratio of 22.62, a P/E/G ratio of -1.28 and a beta of 2.16. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 67.15. First Quantum Minerals has a 1 year low of C$18.67 and a 1 year high of C$39.27.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Rudi Badenhorst sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of C$27.59, for a total value of C$35,867.00. In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 11,250 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of C$31.30, for a total value of C$352,125.00. Also, Senior Officer Rudi Badenhorst sold 1,300 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of C$27.59, for a total value of C$35,867.00. Insiders own 19.71% of the company’s stock.

First Quantum Minerals Company Profile

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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.