First Quantum Minerals (TSE:FM) Price Target Raised to C$33.00 at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its price target increased by Jefferies Financial Group from C$28.00 to C$33.00 in a report published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price objective on First Quantum Minerals from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. National Bankshares increased their price target on First Quantum Minerals from C$28.50 to C$29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. TD Securities increased their price target on First Quantum Minerals from C$25.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday. Stifel Nicolaus increased their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Barclays increased their price target on First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$25.34.

First Quantum Minerals Price Performance

FM stock opened at C$31.77 on Monday. The company has a market capitalization of C$26.50 billion, a P/E ratio of 127.08, a PEG ratio of -1.28 and a beta of 1.29. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$31.95. The business has a 50 day simple moving average of C$24.98 and a 200-day simple moving average of C$22.08. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 8,135 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. 19.35% of the stock is currently owned by corporate insiders.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.