Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$21.05

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$21.05.

FM has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on 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. Barclays raised shares of First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 12th. Scotiabank increased their price target on First Quantum Minerals from C$18.50 to C$23.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. CIBC raised their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. 19.35% of the stock is owned by corporate insiders.

First Quantum Minerals Stock Down 0.9 %

Shares of TSE:FM traded down C$0.18 during midday trading on Tuesday, reaching C$19.34. The company had a trading volume of 1,542,802 shares, compared to its average volume of 1,779,383. First Quantum Minerals has a 1-year low of C$10.91 and a 1-year high of C$21.45. The stock has a market cap of C$16.13 billion, a PE ratio of -7.47, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The business's 50 day moving average price is C$19.01 and its 200 day moving average price is C$17.85.

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.