Analysts Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$21.67

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$21.82.

FM has been the subject of several recent analyst reports. National Bankshares cut their price target on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Desjardins upgraded First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Morgan Stanley decreased their price target on First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th. BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th.

First Quantum Minerals Trading Up 2.4%

FM stock traded up C$0.48 during midday trading on Monday, reaching C$20.49. 2,020,085 shares of the company traded hands, compared to its average volume of 2,683,289. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$23.28. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The business has a 50 day moving average of C$18.80 and a 200-day moving average of C$18.87. The firm has a market capitalization of C$11.63 billion, a price-to-earnings ratio of -7.57, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Activity at First Quantum Minerals

In related news, Director Charles Kevin Mcarthur purchased 25,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Also, Director Alison Cheryl Beckett purchased 1,388 shares of the firm's stock in a transaction on Monday, March 31st. The stock was bought at an average price of C$19.25 per share, for a total transaction of C$26,719.00. 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.