First Quantum Minerals (TSE:FM) Stock Rating Lowered by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of First Quantum Minerals (TSE:FM) from a buy rating to a hold rating in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have C$20.00 price target on the stock, down from their prior price target of C$24.00.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lifted their target price on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Jefferies Financial Group lowered their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. CIBC boosted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price objective on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$21.18.

First Quantum Minerals Trading Up 1.5 %

TSE FM opened at C$19.01 on Thursday. The stock has a market capitalization of C$15.86 billion, a price-to-earnings ratio of -7.34, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a one year low of C$10.91 and a one year high of C$21.45. 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’s fifty day moving average is C$19.08 and its 200-day moving average is C$17.92.

Insider Transactions at First Quantum Minerals

In other news, Director Simon John Scott bought 1,397 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is owned by insiders.

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, 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.