First Quantum Minerals (TSE:FM) Price Target Lowered to C$17.00 at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its price target reduced by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a research note published on Thursday,BayStreet.CA reports.

FM has been the topic of a number of other research reports. Jefferies Financial Group decreased their target price on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Morgan Stanley boosted their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Scotiabank decreased their price objective 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 report on Thursday, January 16th. Finally, Barclays decreased their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and a consensus target price 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 cap of C$15.93 billion, a PE ratio of -7.37, a PEG ratio of -1.28 and a beta of 1.73. The company’s fifty day moving average is C$19.13 and its 200 day moving average is C$17.98. First Quantum Minerals has a 52 week low of C$10.91 and a 52 week high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00.

Insider Activity at First Quantum Minerals

In related news, Director Simon John Scott bought 1,397 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price 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 that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is owned by insiders.

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.