First Quantum Minerals Ltd. (TSE:FM) Receives C$22.05 Consensus Price Target from Analysts

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$22.05.

FM has been the topic of a number of recent research reports. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a report on Monday, June 30th. Desjardins upgraded shares of First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Royal Bank Of Canada lifted their price objective on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley decreased their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th.

First Quantum Minerals Trading Down 1.1%

First Quantum Minerals stock traded down C$0.27 during midday trading on Tuesday, hitting C$23.95. 128,183 shares of the stock were exchanged, compared to its average volume of 2,520,072. The company has a fifty day simple moving average of C$21.20 and a two-hundred day simple moving average of C$19.59. First Quantum Minerals has a 52 week low of C$13.81 and a 52 week high of C$25.96. The stock has a market capitalization of C$13.59 billion, a PE ratio of -8.85, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

Insider Buying and Selling

In other First Quantum Minerals news, Director Alison Cheryl Beckett bought 1,029 shares of First Quantum Minerals stock in a transaction dated 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. 19.35% of the stock is currently owned by company 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.