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

First Quantum Minerals (TSE:FM) had its price objective upped by Jefferies Financial Group from C$33.00 to C$38.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Raymond James Financial increased their target price on First Quantum Minerals from C$23.00 to C$25.00 in a research note on Thursday, August 21st. Royal Bank Of Canada increased their target price on First Quantum Minerals from C$28.00 to C$30.00 in a research note on Wednesday, September 10th. TD Securities increased their target price on First Quantum Minerals from C$25.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, September 29th. Scotiabank increased their target price on First Quantum Minerals from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 6th. Finally, Desjardins raised their price target on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.72.

First Quantum Minerals Price Performance

TSE FM opened at C$31.56 on Monday. The business has a 50 day simple moving average of C$25.47 and a 200 day simple moving average of C$22.28. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$32.76. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The stock has a market cap of C$26.33 billion, a price-to-earnings ratio of 126.24, a PEG ratio of -1.28 and a beta of 1.58.

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 that occurred on Friday, August 1st. The shares were sold at an average price of C$22.82, for a total transaction of C$185,640.70. 19.35% of the stock is owned by corporate insiders.

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.