First Quantum Minerals (TSE:FM) Price Target Lowered to C$18.00 at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its target price lowered by JPMorgan Chase & Co. from C$20.00 to C$18.00 in a report released on Friday,BayStreet.CA reports.

Several other analysts also recently weighed in on FM. Cormark cut their price objective on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Scotiabank boosted their price objective on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Barclays decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th. Finally, National Bankshares raised their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$20.72.

First Quantum Minerals Stock Performance

FM traded down C$1.40 during trading on Friday, reaching C$19.09. 2,212,025 shares of the company were exchanged, compared to its average volume of 2,626,047. 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 stock has a market cap of C$15.92 billion, a P/E ratio of -7.37, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$20.76. The firm has a 50 day moving average of C$17.56 and a 200 day moving average of C$17.32.

Insider Buying and Selling

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the company’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 value of C$117,165.19. 19.35% of the stock is currently owned by company 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.