Brokerages Set First Quantum Minerals Ltd. (TSE:FM) PT at C$21.67

Shares of First Quantum Minerals Ltd. (TSE:FM) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$21.82.

FM has been the topic of a number of research analyst reports. Desjardins raised shares of First Quantum Minerals to a “hold” rating in a research note on Thursday, April 3rd. Morgan Stanley lowered their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th. Raymond James lifted their target price on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Finally, National Bankshares lowered their target price on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$19.63 on Monday. The company’s fifty day moving average price is C$18.85 and its 200 day moving average price is C$18.84. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28. The stock has a market capitalization of C$11.14 billion, a P/E ratio of -7.25, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

Insider Activity

In related news, Director Charles Kevin Mcarthur bought 25,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, with a total value of C$430,842.13. Also, Director Alison Cheryl Beckett bought 1,388 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was bought at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. Corporate insiders own 19.35% of the company’s stock.

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.