National Bankshares Boosts First Quantum Minerals (TSE:FM) Price Target to C$27.50

First Quantum Minerals (TSE:FM - Free Report) had its target price hoisted by National Bankshares from C$24.00 to C$27.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

FM has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Morgan Stanley reduced 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. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$22.30.

First Quantum Minerals Stock Down 2.6%

First Quantum Minerals stock traded down C$0.64 during trading on Wednesday, reaching C$23.58. The stock had a trading volume of 2,781,624 shares, compared to its average volume of 2,541,099. The stock has a market cap of C$13.38 billion, a PE ratio of -8.71, a P/E/G ratio of -1.28 and a beta of 1.73. The business has a 50 day moving average price of C$21.30 and a 200 day moving average price of C$19.62. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$25.96. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

Insider Buying and Selling

In other First Quantum Minerals news, Director Alison Cheryl Beckett bought 1,029 shares of the stock in a transaction on Wednesday, July 2nd. The stock was purchased at an average price of C$24.59 per share, for a total transaction of C$25,307.84. 19.35% of the stock is currently 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.