First Quantum Minerals (TSE:FM - Free Report) had its price objective raised by Barclays from C$21.60 to C$25.80 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other analysts also recently weighed in on FM. BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley lowered their price target on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. Scotiabank lifted their price target on First Quantum Minerals from C$22.50 to C$24.00 in a research report on Monday, June 16th. Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, National Bankshares dropped their target price on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.05.
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First Quantum Minerals Stock Performance
Shares of FM stock traded up C$0.03 during trading on Wednesday, reaching C$25.12. 1,342,582 shares of the company's stock traded hands, compared to its average volume of 2,558,250. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$25.96. The firm's 50-day moving average is C$20.73 and its 200 day moving average is C$19.40. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The company has a market capitalization of C$14.26 billion, a P/E ratio of -9.28, a PEG ratio of -1.28 and a beta of 1.73.
About First Quantum Minerals
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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.
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