First Quantum Minerals (TSE:FM) Given New C$24.00 Price Target at Scotiabank

First Quantum Minerals (TSE:FM - Free Report) had its target price raised by Scotiabank from C$22.50 to C$24.00 in a research report released on Monday,BayStreet.CA reports.

Several other analysts have also issued reports on FM. National Bankshares reduced their price objective 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. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Raymond James Financial boosted their price target on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research note on Friday, April 4th. Royal Bank Of Canada boosted their price target on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Desjardins upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$22.28.

First Quantum Minerals Trading Up 0.2%

FM traded up C$0.04 on Monday, hitting C$21.47. The company had a trading volume of 1,614,124 shares, compared to its average volume of 2,558,070. The firm has a market cap of C$12.19 billion, a P/E ratio of -7.93, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28. The company's fifty day moving average price is C$19.53 and its 200 day moving average price is C$19.19. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett purchased 1,388 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of C$19.25 per share, with a total value of C$26,719.00. Corporate insiders own 19.35% of the company's stock.

About First Quantum Minerals

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.