First Quantum Minerals (TSE:FM) Price Target Raised to C$22.00

First Quantum Minerals (TSE:FM) had its target price increased by Morgan Stanley from C$20.20 to C$22.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also issued reports on FM. Scotiabank raised their price target on shares of 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 upgraded shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. CIBC upped their price target on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective 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, National Bankshares boosted their price objective 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. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$21.05.

First Quantum Minerals Stock Performance

First Quantum Minerals has a 52 week low of C$10.07 and a 52 week 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 stock has a market capitalization of C$16.18 billion, a price-to-earnings ratio of -7.49, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The business’s fifty day simple moving average is C$18.72 and its 200-day simple moving average is C$17.71.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Company 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.