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

Key Points

• First Quantum Minerals Ltd. has received a consensus rating of "Moderate Buy" from analysts, with targets indicating an average price of C$32.51 over the next year.
• Notable price target increases from various analysts include a raise from C$25.00 to C$29.00 by Raymond James and from C$20.00 to C$42.00 by JPMorgan Chase & Co.
• The company's market cap is approximately C$27.50 billion, and its stock has fluctuated between C$14.41 and C$33.88 in the last year.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$32.51.

A number of analysts have recently weighed in on the stock. Raymond James Financial raised their price target on shares of First Quantum Minerals from C$25.00 to C$29.00 in a report on Friday, October 10th. Jefferies Financial Group lifted their price target on shares of First Quantum Minerals from C$33.00 to C$38.00 in a report on Monday, October 6th. Royal Bank Of Canada upped their price target on First Quantum Minerals from C$28.00 to C$30.00 in a research report on Wednesday, September 10th. 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 report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upgraded First Quantum Minerals from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from C$20.00 to C$42.00 in a research note on Friday, October 10th.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$32.97 on Thursday. The stock's 50-day moving average is C$26.77 and its 200 day moving average is C$22.79. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$33.88. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The company has a market cap of C$27.50 billion, a P/E ratio of 131.88, a PEG ratio of -1.28 and a beta of 1.58.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the stock in a transaction that occurred 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. 19.35% of the stock is currently owned by company insiders.

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.

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