Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.32.
FM has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on 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. Scotiabank upped their price objective on shares of First Quantum Minerals from C$22.50 to C$24.00 in a report on Monday, June 16th. Morgan Stanley dropped their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a report on Wednesday, April 9th. 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, National Bankshares upped their price objective on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the company an "outperform" rating in a research report on Wednesday.
Read Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Stock Down 2.1%
FM stock traded down C$0.50 during trading hours on Tuesday, hitting C$23.32. The company's stock had a trading volume of 2,602,451 shares, compared to its average volume of 2,540,887. The stock has a 50 day moving average price of C$21.40 and a two-hundred day moving average price of C$19.65. First Quantum Minerals has a 12 month low of C$13.81 and a 12 month high of C$25.96. The company has a market capitalization of C$13.24 billion, a PE ratio of -8.62, a price-to-earnings-growth 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 Activity
In other news, Director Alison Cheryl Beckett purchased 1,029 shares of First Quantum Minerals stock in a transaction on Wednesday, July 2nd. The stock was purchased 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 owned by corporate insiders.
About First Quantum Minerals
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Get Free ReportFirst 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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