National Bankshares Trims First Quantum Minerals (TSE:FM) Target Price to C$21.00

First Quantum Minerals (TSE:FM) had its price target reduced by equities research analysts at National Bankshares from C$22.00 to C$21.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 17.38% from the company’s current price.

Several other research analysts have also recently weighed in on FM. Morgan Stanley increased their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Royal Bank of Canada lowered their price target on shares of First Quantum Minerals from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. CIBC raised their target price on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Finally, Cormark dropped their price target on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a “buy” rating for the company in a research report on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and an average price target of C$20.59.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$17.89 on Tuesday. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$32.28. The company has a market capitalization of C$14.92 billion, a price-to-earnings ratio of -7.04, a PEG ratio of -1.28 and a beta of 1.73. The company has a 50-day simple moving average of C$16.79 and a 200 day simple moving average of C$16.94. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The company had revenue of C$1.68 billion during the quarter, compared to analysts’ expectations of C$1.42 billion. On average, sell-side analysts predict that First Quantum Minerals will post 0.3652482 earnings per share for the current year.

Insider Activity at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the company’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. In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction of C$117,165.19. 19.35% of the stock is owned by insiders.

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.