First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of "Moderate Buy" from 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 an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$22.35.

Several equities research analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of First Quantum Minerals from C$22.50 to C$24.00 in a research note on Monday, June 16th. National Bankshares boosted their price objective on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Morgan Stanley decreased their price objective on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. Finally, TD Securities decreased their price objective on shares of First Quantum Minerals from C$25.00 to C$24.00 and set a "hold" rating for the company in a research note on Friday, July 25th.

First Quantum Minerals Stock Performance

Shares of FM opened at C$22.18 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$12.59 billion, a P/E ratio of -8.20, a PEG ratio of -1.28 and a beta of 1.73. The company has a 50-day moving average of C$22.65 and a two-hundred day moving average of C$20.11. First Quantum Minerals has a 12-month low of C$13.81 and a 12-month high of C$25.96.

Insider Buying and Selling

In other news, Director Alison Cheryl Beckett purchased 1,029 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were acquired at an average price of C$24.59 per share, for a total transaction of C$25,307.84. 19.35% of the stock is currently owned by corporate insiders.

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.

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