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

First Quantum Minerals (TSE:FM) had its price objective reduced by Jefferies Financial Group from C$23.00 to C$22.00 in a report published on Monday morning,BayStreet.CA reports.

Several other brokerages also recently commented on FM. JPMorgan Chase & Co. lowered their price objective on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Royal Bank of Canada upped their price target on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. CIBC lifted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. National Bankshares upped their target price 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. Finally, Scotiabank raised their price target on First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$21.05.

First Quantum Minerals Stock Up 0.5 %

Shares of TSE FM opened at C$19.93 on Monday. The firm’s fifty day moving average is C$18.88 and its 200 day moving average is C$17.77. First Quantum Minerals has a 52 week low of C$10.91 and a 52 week high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The company has a market cap of C$16.62 billion, a price-to-earnings ratio of -7.69, a PEG ratio of -1.28 and a beta of 1.73.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction that occurred 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. Also, Director Simon John Scott acquired 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of C$18.57 per share, with a total value of C$25,942.29. Insiders own 19.35% of the company’s stock.

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.