First Quantum Minerals (TSE:FM) Price Target Raised to C$30.00 at Royal Bank Of Canada

Key Points

• First Quantum Minerals experienced a target price increase from C$28.00 to C$30.00 by Royal Bank Of Canada, indicating a potential upside of 18.02% based on its current stock price.
• In addition to RBC, other analysts have also raised their price targets for the company, with Desjardins and Scotiabank adjusting their targets to C$26.00 and C$28.00, respectively.
• Insider activity includes Director Alison Cheryl Beckett purchasing shares at C$24.59, while Senior Officer Zenon Wozniak sold shares at C$22.82, with insiders currently holding 19.35% of the stock.

First Quantum Minerals (TSE:FM - Free Report) had its target price upped by Royal Bank Of Canada from C$28.00 to C$30.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on FM. Stifel Nicolaus increased their target price on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Barclays increased their target price on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Desjardins increased their target price on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a research note on Wednesday, August 20th. National Bankshares raised their price objective on shares of First Quantum Minerals from C$28.50 to C$29.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Scotiabank raised their price objective on shares of First Quantum Minerals from C$27.00 to C$28.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$24.03.

First Quantum Minerals Price Performance

First Quantum Minerals stock traded up C$0.42 during trading hours on Wednesday, hitting C$26.74. 1,998,100 shares of the company traded hands, compared to its average volume of 2,387,118. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$26.91. The firm's 50-day simple moving average is C$23.75 and its two-hundred day simple moving average is C$21.20. The firm has a market cap of C$22.31 billion, a P/E ratio of 106.96, a P/E/G ratio of -1.28 and a beta of 1.29.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 8,135 shares of First Quantum Minerals stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70. Also, Director Alison Cheryl Beckett bought 1,029 shares of the stock in a transaction on Wednesday, July 2nd. The shares were purchased at an average price of C$24.59 per share, with a total value of C$25,307.84. Insiders own 19.35% of the company's stock.

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.