First Quantum Minerals (TSE:FM) Stock Crosses Above 200-Day Moving Average of $10.91

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First Quantum Minerals Limited (TSE:FM)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.91 and traded as high as $12.25. First Quantum Minerals shares last traded at $12.15, with a volume of 1,345,504 shares changing hands.

FM has been the topic of several analyst reports. Raymond James reissued an “outperform” rating and issued a C$15.00 price target on shares of First Quantum Minerals in a report on Wednesday, October 30th. National Bank Financial boosted their price target on shares of First Quantum Minerals from C$12.00 to C$12.75 and gave the company a “sector perform” rating in a report on Monday, November 18th. Citigroup lowered their price target on shares of First Quantum Minerals from C$13.00 to C$11.00 in a report on Thursday, August 8th. Deutsche Bank lowered their price target on shares of First Quantum Minerals from C$13.50 to C$11.00 in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of First Quantum Minerals from C$10.00 to C$11.00 in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. First Quantum Minerals presently has a consensus rating of “Hold” and an average target price of C$14.06.

The company has a debt-to-equity ratio of 90.14, a quick ratio of 0.64 and a current ratio of 1.37. The company’s 50 day moving average price is C$11.73 and its 200 day moving average price is C$10.91. The company has a market cap of $7.85 billion and a price-to-earnings ratio of 32.89.

About First Quantum Minerals (TSE:FM)

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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