National Bankshares Increases First Quantum Minerals (TSE:FM) Price Target to C$22.50

First Quantum Minerals (TSE:FM) had its price target increased by National Bankshares from C$21.00 to C$22.50 in a research note published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

FM has been the topic of a number of other research reports. Barclays dropped their price objective on First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the company from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Royal Bank of Canada boosted their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC increased their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group boosted their price target on First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$20.83.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$18.91 on Thursday. 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 firm has a market cap of C$15.77 billion, a P/E ratio of -7.58, a P/E/G ratio of -1.28 and a beta of 1.73. The stock’s fifty day moving average price is C$17.15 and its 200-day moving average price is C$17.14. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$28.80.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. Corporate insiders own 19.35% 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.