Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals (TSE:FM) to a buy rating in a research report report published on Tuesday morning, TipRanks reports. The firm currently has C$34.00 target price on the stock.
Several other equities research analysts have also recently commented on FM. Jefferies Financial Group reaffirmed a buy rating and issued a C$40.00 price target on shares of First Quantum Minerals in a report on Wednesday, October 6th. Bank of America lowered First Quantum Minerals from a buy rating to a neutral rating and lowered their price target for the stock from C$40.00 to C$24.50 in a research report on Wednesday, September 22nd. Canaccord Genuity increased their price objective on First Quantum Minerals from C$35.00 to C$36.00 in a research note on Tuesday, October 19th. Scotiabank increased their price objective on First Quantum Minerals from C$35.00 to C$37.00 and gave the company a sector perform rating in a research note on Tuesday, November 2nd. Finally, National Bank Financial cut their price target on First Quantum Minerals from C$37.50 to C$36.50 and set an outperform rating on the stock in a research note on Friday, September 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of Hold and a consensus target price of C$34.01.
TSE FM opened at C$28.61 on Tuesday. The stock has a market capitalization of C$19.77 billion and a price-to-earnings ratio of 26.49. First Quantum Minerals has a twelve month low of C$17.71 and a twelve month high of C$35.07. The company has a current ratio of 1.89, a quick ratio of 1.14 and a debt-to-equity ratio of 85.51. The stock has a 50-day moving average of C$26.57 and a 200 day moving average of C$26.89.
In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 11,671 shares of the firm’s stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of C$28.30, for a total value of C$330,289.30. Following the sale, the insider now owns 16,421 shares in the company, valued at C$464,714.30.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company holds 100% interests in the Ravensthorpe nickel and cobalt mine in Australia; the Sentinel copper project in North Western Province of Zambia; the Las Cruces copper mine in Spain; the Guelb Moghrein copper-gold mine in Mauritania; the PyhÃ¤salmi copper, pyrite, zinc mine in Finland; and the Ãayeli copper-zinc mine in Turkey.
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