First Quantum Minerals Ltd. (TSE:FM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$22.13.

FM has been the subject of a number of research reports. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Barclays upped their target price on First Quantum Minerals from C$21.40 to C$21.60 in a report on Wednesday, May 7th. BMO Capital Markets upgraded First Quantum Minerals to a “strong-buy” rating in a report on Tuesday, April 15th. Royal Bank of Canada upped their target price on First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, National Bankshares lowered their target price on First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th.

First Quantum Minerals Stock Down 1.5%

Shares of TSE FM opened at C$20.96 on Friday. 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 firm has a market capitalization of C$11.90 billion, a price-to-earnings ratio of -7.75, a PEG ratio of -1.28 and a beta of 1.73. The stock has a 50 day moving average price of C$18.99 and a 200 day moving average price of C$19.11. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$23.28.

Insider Transactions at First Quantum Minerals

In other news, Director Alison Cheryl Beckett bought 1,388 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average price of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the firm’s 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. Insiders own 19.35% of the company’s stock.

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.