Barclays Increases First Quantum Minerals (TSE:FM) Price Target to C$25.80

First Quantum Minerals (TSE:FM) had its price objective boosted by Barclays from C$21.60 to C$25.80 in a report issued on Wednesday morning,BayStreet.CA reports. Barclays currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the company. Royal Bank Of Canada raised their price objective on First Quantum Minerals from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. National Bankshares cut their target price on First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Desjardins raised First Quantum Minerals to a “hold” rating in a research note on Thursday, April 3rd. Canaccord Genuity Group raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, Stifel Canada raised First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, First Quantum Minerals has an average rating of “Moderate Buy” and a consensus target price of C$22.05.

First Quantum Minerals Trading Down 0.2%

TSE FM opened at C$25.07 on Wednesday. The stock’s 50-day simple moving average is C$20.97 and its two-hundred day simple moving average is C$19.49. First Quantum Minerals has a twelve month low of C$13.81 and a twelve month high of C$25.96. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The company has a market capitalization of C$14.23 billion, a price-to-earnings ratio of -9.27, a PEG ratio of -1.28 and a beta of 1.73.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett purchased 1,029 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were bought at an average price of C$24.59 per share, with a total value of C$25,307.84. Company insiders own 19.35% of the company’s stock.

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.