First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of "Moderate Buy" from Analysts

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$22.28.

FM has been the topic of a number of recent analyst reports. National Bankshares dropped their price objective on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Scotiabank upped their target price on First Quantum Minerals from C$22.50 to C$24.00 in a research report on Monday. Canaccord Genuity Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Raymond James upped their target price on First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th.

First Quantum Minerals Stock Up 2.0%

Shares of FM traded up C$0.43 during mid-day trading on Friday, reaching C$21.46. The company's stock had a trading volume of 1,437,206 shares, compared to its average volume of 2,586,918. First Quantum Minerals has a 12-month low of C$13.81 and a 12-month high of C$23.28. The stock has a market cap of C$12.18 billion, a PE ratio of -7.93, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. 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's 50 day moving average is C$19.24 and its 200 day moving average is C$19.14.

Insiders Place Their Bets

In other First Quantum Minerals news, Director Alison Cheryl Beckett purchased 1,388 shares of First Quantum Minerals stock in a transaction dated Monday, March 31st. The stock was acquired 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 firm's stock in a transaction that occurred on 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 owned by 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.