First Quantum Minerals Ltd. (TSE:FM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• First Quantum Minerals Ltd. has received a consensus rating of "Moderate Buy" from eleven research firms, with six analysts recommending a hold, three a buy, and two a strong buy.
• The average 12-month price target for the stock is C$22.35, with recent analyst reports showing price objectives ranging from C$19.40 to C$27.50.
• Corporate insiders own 19.35% of the stock, with Director Alison Cheryl Beckett recently purchasing over 1,000 shares at an average price of C$24.59.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$22.35.

FM has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Scotiabank lifted their target price on shares of First Quantum Minerals from C$22.50 to C$24.00 in a report on Monday, June 16th. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Barclays lifted their target price on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Morgan Stanley decreased their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett bought 1,029 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average cost of C$24.59 per share, for a total transaction of C$25,307.84. Also, Senior Officer Zenon Wozniak sold 8,135 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70. Insiders own 19.35% of the company's stock.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded down C$0.57 on Friday, hitting C$22.77. The company had a trading volume of 862,704 shares, compared to its average volume of 2,484,018. The business has a 50-day simple moving average of C$22.73 and a 200-day simple moving average of C$20.17. 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 has a market cap of C$12.92 billion, a PE ratio of -8.42, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52 week low of C$13.81 and a 52 week high of C$25.96.

About First Quantum Minerals

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.