First Quantum Minerals (TSE:FM) Given New C$23.40 Price Target at Barclays

First Quantum Minerals (TSE:FM) had its price objective decreased by Barclays from C$25.00 to C$23.40 in a research note published on Thursday morning,BayStreet.CA reports.

FM has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Scotiabank dropped their price target on shares of 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. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price target for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. National Bankshares lifted their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, CIBC lifted their price target on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and a consensus price target of C$21.47.

First Quantum Minerals Price Performance

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

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of C$18.57 per share, for a total transaction 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.