Jefferies Financial Group Issues Pessimistic Forecast for First Quantum Minerals (TSE:FM) Stock Price

First Quantum Minerals (TSE:FM) had its target price cut by Jefferies Financial Group from C$23.00 to C$22.00 in a research note published on Monday,BayStreet.CA reports.

Several other analysts have also commented on FM. National Bankshares lifted their price objective on 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. Royal Bank of Canada upped their price target on shares of 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. Morgan Stanley raised their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Finally, Scotiabank increased their price target on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$21.05.

First Quantum Minerals Trading Up 0.5 %

TSE:FM opened at C$19.93 on Monday. The company has a market cap of C$16.62 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. 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 company has a 50 day simple moving average of C$18.88 and a two-hundred day simple moving average of C$17.77. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45.

Insider Buying and Selling

In related news, Director Simon John Scott bought 1,397 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average cost of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction 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. 19.35% of the stock is currently owned by company insiders.

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.