First Quantum Minerals (TSE:FM) Price Target Cut to C$17.00 by Analysts at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its price objective lowered by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a report released on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. Scotiabank decreased their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Morgan Stanley upped their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upped their price target on First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Finally, National Bankshares lifted their price objective on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$21.13.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$19.90 on Monday. The stock has a market capitalization of C$16.60 billion, a price-to-earnings ratio of -7.68, a PEG ratio of -1.28 and a beta of 1.73. The firm’s fifty day simple moving average is C$19.10 and its 200-day simple moving average is C$17.94. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45.

Insiders Place Their Bets

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