First Quantum Minerals (TSE:FM) Upgraded at Barclays

Barclays upgraded shares of First Quantum Minerals (TSE:FM) from an equal weight rating to an overweight rating in a research report report published on Tuesday morning,BayStreet.CA reports.

FM has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. Canaccord Genuity Group raised their price objective on First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Scotiabank upped their target price on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$20.72.

First Quantum Minerals Trading Up 0.3 %

TSE FM opened at C$17.99 on Tuesday. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$20.76. The company’s 50-day moving average price is C$17.67 and its 200-day moving average price is C$17.39. The stock has a market cap of C$15.00 billion, a PE ratio of -6.95, a PEG ratio of -1.28 and a beta of 1.73. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

Insider Activity

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Corporate insiders own 19.35% of the company’s stock.

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.