First Quantum Minerals (TSE:FM) Price Target Lowered to C$18.00 at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its price objective cut by JPMorgan Chase & Co. from C$20.00 to C$18.00 in a research report report published on Friday morning,BayStreet.CA reports.

FM has been the subject of a number of other research reports. Morgan Stanley boosted their target price on shares of First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Scotiabank raised their price objective 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. Barclays lowered their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. National Bankshares raised their price objective on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Eight Capital raised their price objective on shares of First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$20.72.

First Quantum Minerals Stock Performance

Shares of FM opened at C$18.95 on Friday. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company has a market capitalization of C$15.81 billion, a PE ratio of -7.32, a PEG ratio of -1.28 and a beta of 1.73. The company’s 50 day moving average price is C$17.60 and its 200 day moving average price is C$17.36. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$20.76.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by company 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.