Brokerages Set First Quantum Minerals Ltd. (TSE:FM) PT at C$22.13

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$22.13.

A number of brokerages have commented on FM. Desjardins raised shares of First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Royal Bank of Canada upped their target price on shares of 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. Stifel Canada raised shares of First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Raymond James boosted their price objective on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. Finally, TD Securities upped their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a report on Thursday, February 13th.

First Quantum Minerals Price Performance

Shares of TSE:FM traded up C$0.07 during midday trading on Friday, reaching C$21.03. The company's stock had a trading volume of 1,880,368 shares, compared to its average volume of 2,597,003. The business's fifty day simple moving average is C$18.99 and its 200-day simple moving average is C$19.11. 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 fifty-two week low of C$13.81 and a fifty-two week high of C$23.28. The company has a market capitalization of C$11.94 billion, a P/E ratio of -7.77, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett bought 1,388 shares of First Quantum Minerals stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. 19.35% of the stock is currently owned by corporate insiders.

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.