First Quantum Minerals (TSE:FM – Get Free Report) had its target price reduced by JPMorgan Chase & Co. from C$18.00 to C$17.00 in a research note issued on Monday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 13.27% from the company’s previous close.
Several other equities analysts have also recently commented on FM. Scotiabank cut their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a report on Thursday. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group reduced their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. CIBC upped their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$21.13.
Read Our Latest Research Report on FM
First Quantum Minerals Stock Performance
Insider Activity at First Quantum Minerals
In other news, Director Simon John Scott bought 1,397 shares of the stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost 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 the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is currently owned by company insiders.
First Quantum Minerals Company Profile
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.
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