First Quantum Minerals Ltd. (TSE:FM) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• First Quantum Minerals Ltd. has received a consensus rating of "Moderate Buy" from twelve research firms, with an average price target set at C$23.65.
• Recent analyst reports indicate price target upgrades, with Stifel Nicolaus raising theirs to C$26.00 and Royal Bank of Canada increasing theirs to C$25.00.
• Insider trades include Director Alison Cheryl Beckett purchasing 1,029 shares at C$24.59, while Senior Officer Zenon Wozniak sold 8,135 shares at C$22.82.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$23.65.

Several research analysts recently issued reports on FM shares. Stifel Nicolaus lifted their price objective on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Scotiabank lifted their price objective on First Quantum Minerals from C$27.00 to C$28.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Barclays lifted their price objective on First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, TD Securities cut their price target on First Quantum Minerals from C$25.00 to C$24.00 and set a "hold" rating for the company in a report on Friday, July 25th.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett purchased 1,029 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was bought at an average cost of C$24.59 per share, for a total transaction of C$25,307.84. Also, Senior Officer Zenon Wozniak sold 8,135 shares of the business's stock in a transaction on Friday, August 1st. The shares were 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 Trading Up 0.8%

Shares of First Quantum Minerals stock opened at C$23.76 on Wednesday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$25.96. The company has a market capitalization of C$13.49 billion, a P/E ratio of -8.78, a P/E/G ratio of -1.28 and a beta of 1.73. The business has a 50 day moving average price of C$23.40 and a 200 day moving average price of C$20.64.

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.

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