First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Rating of "Moderate Buy" from Brokerages

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen analysts that are covering the company, Marketbeat reports. Eight 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 target among brokerages that have covered the stock in the last year is C$21.67.

A number of analysts have recently commented on FM shares. Desjardins raised First Quantum Minerals to a "hold" rating in a research report on Thursday, April 3rd. Raymond James boosted their price target on First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. TD Securities upped their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a "hold" rating in a research report on Thursday, February 13th. Barclays upped their price objective on First Quantum Minerals from C$21.40 to C$21.60 in a research report on Wednesday, May 7th. Finally, Morgan Stanley lowered their price objective on First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Charles Kevin Mcarthur purchased 25,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was 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 company insiders.

First Quantum Minerals Stock Down 2.8%

FM stock opened at C$19.53 on Monday. First Quantum Minerals has a fifty-two week low of C$13.81 and a fifty-two week high of C$23.28. The business's 50 day moving average price is C$18.85 and its two-hundred day moving average price is C$18.82. 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 company has a market capitalization of C$11.09 billion, a price-to-earnings ratio of -7.22, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.