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

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

FM has been the subject of several other reports. BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Barclays increased their target price on First Quantum Minerals from C$21.60 to C$25.80 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Scotiabank increased their target price on First Quantum Minerals from C$22.50 to C$24.00 in a research note on Monday, June 16th. Finally, Desjardins upgraded First Quantum Minerals to a "hold" rating in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$22.32.

First Quantum Minerals Stock Down 2.1%

TSE:FM traded down C$0.50 during trading hours on Wednesday, hitting C$23.32. The stock had a trading volume of 2,602,451 shares, compared to its average volume of 2,540,887. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1-year low of C$13.81 and a 1-year high of C$25.96. The business has a 50 day simple moving average of C$21.49 and a two-hundred day simple moving average of C$19.68. The company has a market cap of C$13.24 billion, a PE ratio of -8.62, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

Insider Transactions at First Quantum Minerals

In related news, Director Alison Cheryl Beckett acquired 1,029 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average cost of C$24.59 per share, for a total transaction 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.