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

First Quantum Minerals Ltd. (TSE:FM) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$21.67.

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of First Quantum Minerals from C$21.40 to C$21.60 in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. BMO Capital Markets raised shares of First Quantum Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th.

First Quantum Minerals Stock Down 2.8%

Shares of TSE FM opened at C$19.53 on Monday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The company has a market cap of C$11.09 billion, a P/E ratio of -7.22, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28. The firm has a 50-day simple moving average of C$18.85 and a two-hundred day simple moving average of C$18.82.

Insider Activity at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur bought 25,000 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. 19.35% of the stock is currently owned by corporate insiders.

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.