First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, Citigroup Analyst Says

First Quantum Minerals (TSE:FM) had its target price lifted by Citigroup from C$26.00 to C$39.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 19.89% from the stock’s current price.

FM has been the topic of a number of other research reports. Morgan Stanley raised their target price on First Quantum Minerals from C$24.60 to C$31.20 in a report on Wednesday. Desjardins increased their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, August 20th. Stifel Nicolaus increased their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Scotiabank increased their price target on First Quantum Minerals from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group increased their price target on First Quantum Minerals from C$33.00 to C$38.00 in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.01.

First Quantum Minerals Stock Down 0.9%

FM stock opened at C$32.53 on Wednesday. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$33.88. 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 stock’s 50 day moving average is C$26.01 and its 200-day moving average is C$22.48. The firm has a market capitalization of C$27.14 billion, a PE ratio of 130.12, a P/E/G ratio of -1.28 and a beta of 1.58.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 8,135 shares of First Quantum Minerals stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value 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.