National Bankshares Trims First Quantum Minerals (TSE:FM) Target Price to C$21.00

First Quantum Minerals (TSE:FM) had its price target decreased by National Bankshares from C$22.00 to C$21.00 in a research note published on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Eight Capital raised their price objective on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. CIBC lifted their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the company a neutral rating in a research report on Thursday, June 20th. Canaccord Genuity Group boosted their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd. Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Finally, Cormark lowered their target price on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a buy rating on the stock in a report on Thursday, July 25th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$20.64.

First Quantum Minerals Stock Down 4.6 %

Shares of TSE FM opened at C$17.47 on Tuesday. 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 firm has a market cap of C$14.57 billion, a PE ratio of -6.88, a P/E/G ratio of -1.28 and a beta of 1.73. The company’s fifty day simple moving average is C$16.77 and its 200 day simple moving average is C$16.92. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$32.47.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. The company had revenue of C$1.68 billion for the quarter, compared to analysts’ expectations of C$1.42 billion. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. As a group, sell-side analysts forecast that First Quantum Minerals will post 0.3652482 earnings per share for the current fiscal year.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. 19.35% of the stock is owned by company insiders.

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.