First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$24.03.

FM has been the subject of several research analyst reports. Desjardins boosted their price objective on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, August 20th. Stifel Nicolaus raised their price target on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. National Bankshares upped their price target on shares of First Quantum Minerals from C$28.50 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Barclays increased their price objective 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, TD Securities dropped their target price on shares of First Quantum Minerals from C$25.00 to C$24.00 and set a “hold” rating on the stock in a research note on Friday, July 25th.

Insider Buying and Selling

In other news, Director Alison Cheryl Beckett acquired 1,029 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were purchased 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 First Quantum Minerals stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. Company insiders own 19.35% of the company’s stock.

First Quantum Minerals Trading Up 1.4%

Shares of TSE FM opened at C$29.12 on Friday. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$30.88. The stock has a market capitalization of C$24.29 billion, a P/E ratio of 116.48, a PEG ratio of -1.28 and a beta of 1.29. The stock’s 50 day moving average price is C$24.54 and its two-hundred day moving average price is C$21.86. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

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.