First Quantum Minerals (TSE:FM) Rating Increased to Overweight at Barclays

First Quantum Minerals (TSE:FM) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday,BayStreet.CA reports.

FM has been the subject of a number of other research reports. Morgan Stanley upped their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. National Bankshares increased their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Scotiabank boosted their price target on First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and an average price target of C$20.72.

First Quantum Minerals Trading Down 0.1 %

Shares of First Quantum Minerals stock traded down C$0.02 during trading on Tuesday, reaching C$18.93. 1,037,676 shares of the company were exchanged, compared to its average volume of 2,614,302. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$20.76. The firm has a market capitalization of C$15.79 billion, a price-to-earnings ratio of -7.30, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The business has a 50-day moving average price of C$17.60 and a 200-day moving average price of C$17.36.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.