First Quantum Minerals Ltd. (TSE:FM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$22.13.

A number of research firms have recently issued reports on FM. Raymond James raised their price target on First Quantum Minerals from C$20.00 to C$21.00 in a research note on Friday, April 4th. Morgan Stanley lowered their target price on First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. BMO Capital Markets upgraded First Quantum Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Canaccord Genuity Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th. Finally, TD Securities lifted their target price on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Thursday, February 13th.

First Quantum Minerals Stock Down 1.5%

First Quantum Minerals stock opened at C$20.96 on Friday. The firm has a market cap of C$11.90 billion, a price-to-earnings ratio of -7.75, a PEG ratio of -1.28 and a beta of 1.73. The stock has a fifty day simple moving average of C$18.99 and a two-hundred day simple moving average of C$19.11. First Quantum Minerals has a 12 month low of C$13.81 and a 12 month high of C$23.28. 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 related news, Director Alison Cheryl Beckett acquired 1,388 shares of First Quantum Minerals stock in a transaction on Monday, March 31st. The shares were bought at an average cost of C$19.25 per share, with a total value of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. 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.