First Quantum Minerals Ltd. (TSE:FM) Director Acquires C$25,942.29 in Stock

First Quantum Minerals Ltd. (TSE:FM) Director Simon John Scott purchased 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$18.57 per share, with a total value of C$25,942.29.

First Quantum Minerals Stock Up 1.0 %

Shares of TSE:FM opened at C$19.11 on Monday. The company has a market cap of C$15.94 billion, a price-to-earnings ratio of -7.38, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a one year low of C$10.91 and a one year high of C$21.45. The firm has a fifty day moving average price of C$18.84 and a two-hundred day moving average price of C$17.73. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. Morgan Stanley raised their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. CIBC increased their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Scotiabank increased their price objective on First Quantum Minerals from C$18.50 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and a consensus price target of C$21.05.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.