First Quantum Minerals (TSE:FM) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of First Quantum Minerals (TSE:FM) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has C$38.00 price target on the stock, up from their prior price target of C$26.00.

Several other equities analysts have also recently commented on FM. Jefferies Financial Group increased their target price on First Quantum Minerals from C$33.00 to C$38.00 in a research note on Monday, October 6th. Morgan Stanley raised their price objective on First Quantum Minerals from C$24.60 to C$31.20 in a research note on Wednesday, October 8th. Raymond James Financial raised their price objective on First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th. Citigroup raised their price objective on First Quantum Minerals from C$26.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, National Bankshares raised their price objective on First Quantum Minerals from C$32.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.73.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$29.82 on Tuesday. The stock has a market cap of C$24.88 billion, a P/E ratio of 119.28, a price-to-earnings-growth ratio of -1.28 and a beta of 1.58. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a 50 day moving average of C$27.36 and a 200-day moving average of C$23.15. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$33.88.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 8,135 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. 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.