First Quantum Minerals (TSE:FM) Rating Increased to Overweight at Barclays

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

Other analysts have also recently issued research reports about the stock. Scotiabank boosted their target price 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 note on Tuesday, October 8th. Royal Bank of Canada increased their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Canaccord Genuity Group raised their target price on First Quantum Minerals from C$22.00 to C$25.00 in a research report on Monday, July 22nd. Morgan Stanley boosted their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. decreased their price objective on First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$20.72.

First Quantum Minerals Trading Up 0.3 %

Shares of FM stock opened at C$17.99 on Tuesday. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$20.76. The company has a market cap of C$15.00 billion, a price-to-earnings ratio of -6.95, a PEG ratio of -1.28 and a beta of 1.73. 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 50 day simple moving average of C$17.67 and a 200-day simple moving average of C$17.39.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the firm’s stock in a transaction dated 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 currently owned by 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.