Barclays Boosts First Quantum Minerals (TSE:FM) Price Target to C$18.00

First Quantum Minerals (TSE:FM) had its price target increased by Barclays from C$16.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Bank of America boosted their price target on First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. CIBC raised their price target on First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a neutral rating in a research note on Thursday, June 20th. BMO Capital Markets downgraded shares of First Quantum Minerals from an outperform rating to a market perform rating and boosted their price objective for the company from C$17.00 to C$19.00 in a research report on Tuesday, May 21st. Morgan Stanley lowered shares of First Quantum Minerals from an overweight rating to an equal weight rating in a report on Monday, July 8th. Finally, Citigroup raised shares of First Quantum Minerals from a neutral rating to a buy rating and lifted their target price for the company from C$14.00 to C$26.00 in a research note on Thursday, June 20th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of C$19.99.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at C$15.48 on Thursday. The company’s fifty day simple moving average is C$17.43 and its two-hundred day simple moving average is C$15.67. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$37.61. The firm has a market cap of C$12.90 billion, a PE ratio of -6.70, a price-to-earnings-growth ratio of -1.28 and a beta of 1.96. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 49,250 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total transaction of C$885,022.50. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Insiders own 16.10% of the company’s stock.

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.