National Bankshares Raises First Quantum Minerals (TSE:FM) Price Target to C$29.00

First Quantum Minerals (TSE:FM) had its price objective increased by National Bankshares from C$28.50 to C$29.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

FM has been the topic of several other research reports. Stifel Nicolaus increased their target price 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. Raymond James Financial raised First Quantum Minerals to a “hold” rating in a research report on Monday, June 30th. Canaccord Genuity Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 16th. Barclays boosted their price target on First Quantum Minerals from C$25.80 to C$26.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, TD Securities cut their target price on First Quantum Minerals from C$25.00 to C$24.00 and set a “hold” rating for the company in a research report on Friday, July 25th. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, First Quantum Minerals currently has an average rating of “Moderate Buy” and a consensus price target of C$23.12.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$23.81 on Wednesday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The stock has a fifty day moving average price of C$23.05 and a two-hundred day moving average price of C$20.34. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$25.96. The firm has a market capitalization of C$13.51 billion, a P/E ratio of -8.80, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70. Also, Director Alison Cheryl Beckett purchased 1,029 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was purchased at an average price of C$24.59 per share, for a total transaction of C$25,307.84. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

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.