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

Key Points

• First Quantum Minerals Ltd. has received a consensus recommendation of "Moderate Buy" from twelve brokerages, with an average 1-year price target of C$24.03.
• Recent analyst reports have boosted price targets, with Barclays raising theirs to C$26.00, and Royal Bank of Canada setting a new target at C$30.00.
• Insider trading activity includes a purchase of 1,029 shares by Director Alison Cheryl Beckett and the sale of 8,135 shares by Senior Officer Zenon Wozniak, indicating mixed insider sentiment.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$24.03.

A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Barclays raised their price target on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Desjardins lifted their price target on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. TD Securities decreased their price target on shares of First Quantum Minerals from C$25.00 to C$24.00 and set a "hold" rating on the stock in a research note on Friday, July 25th. Finally, Scotiabank upped their price target on shares of First Quantum Minerals from C$27.00 to C$28.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th.

First Quantum Minerals Stock Performance

Shares of TSE:FM traded up C$0.71 during trading on Friday, hitting C$27.00. 10,093,972 shares of the company were exchanged, compared to its average volume of 2,433,465. The company has a market cap of C$22.52 billion, a PE ratio of 108.00, a P/E/G ratio of -1.28 and a beta of 1.29. The stock has a 50 day moving average of C$24.03 and a 200 day moving average of C$21.51. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$27.22. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

Insider Buying and Selling

In other news, Director Alison Cheryl Beckett bought 1,029 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was bought at an average price of C$24.59 per share, with a total value of C$25,307.84. Also, 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 transaction of C$185,640.70. Corporate 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.