First Quantum Minerals (TSE:FM) Given New C$17.00 Price Target at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its price objective trimmed by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other research analysts have also recently weighed in on FM. CIBC lifted their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. National Bankshares upped their price objective on 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. Scotiabank decreased their target price on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group dropped their price target on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Finally, Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and an average price target of C$21.47.

First Quantum Minerals Trading Up 5.3 %

First Quantum Minerals stock opened at C$19.10 on Thursday. First Quantum Minerals has a 12-month low of C$10.91 and a 12-month high of C$21.45. The firm has a market capitalization of C$15.93 billion, a price-to-earnings ratio of -7.37, a P/E/G ratio of -1.28 and a beta of 1.73. The firm has a 50 day moving average of C$19.13 and a 200 day moving average of C$17.98. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

Insider Activity at First Quantum Minerals

In related news, Director Simon John Scott purchased 1,397 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were purchased 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 company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is 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.