Jefferies Financial Group Lowers First Quantum Minerals (TSE:FM) Price Target to C$22.00

First Quantum Minerals (TSE:FM) had its target price lowered by research analysts at Jefferies Financial Group from C$23.00 to C$22.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 10.94% from the company’s previous close.

Several other brokerages have also commented on FM. National Bankshares upped 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 report on Thursday, October 24th. CIBC lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Finally, Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$21.00.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$19.83 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The firm has a market cap of C$16.54 billion, a P/E ratio of -7.66, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1-year low of C$10.91 and a 1-year high of C$21.45. The firm has a 50-day moving average of C$18.88 and a 200-day moving average of C$17.77.

Insider Transactions at First Quantum Minerals

In other news, Director Simon John Scott purchased 1,397 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. Corporate 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.