First Quantum Minerals Ltd. (TSE:FM) Given Average Recommendation of “Moderate Buy” by Analysts

First Quantum Minerals Ltd. (TSE:FM) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$22.03.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Barclays boosted their target price on First Quantum Minerals from C$21.40 to C$21.60 in a research report on Wednesday, May 7th. BMO Capital Markets raised First Quantum Minerals to a “strong-buy” rating in a research note on Tuesday, April 15th. National Bankshares reduced their price objective on First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Finally, Morgan Stanley decreased their price objective on First Quantum Minerals from C$19.70 to C$19.40 in a report on Wednesday, April 9th.

First Quantum Minerals Stock Up 0.2%

Shares of First Quantum Minerals stock opened at C$21.47 on Friday. The stock’s 50-day moving average is C$19.53 and its 200 day moving average is C$19.19. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28. The firm has a market cap of C$12.19 billion, a price-to-earnings ratio of -7.93, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett acquired 1,388 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of C$19.25 per share, with a total value of C$26,719.00. 19.35% of the stock is owned by corporate insiders.

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.