Insider Buying: First Quantum Minerals Ltd. (TSE:FM) Director Buys 1,397 Shares of Stock

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) Director Simon John Scott acquired 1,397 shares of the stock in a transaction dated Tuesday, December 31st. The stock was 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 %

FM stock traded up C$0.18 during trading hours on Friday, reaching C$19.11. 1,333,281 shares of the stock were exchanged, compared to its average volume of 1,133,319. 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. The firm's 50-day moving average is C$18.84 and its 200-day moving average is C$17.73. First Quantum Minerals Ltd. has a 12 month low of C$10.91 and a 12 month high of C$21.45. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41.

Wall Street Analyst Weigh In

A number of research analysts have commented on FM shares. Barclays upgraded First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 12th. National Bankshares upped their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Scotiabank lifted their price objective on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada upped their price objective on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$21.05.

About First Quantum Minerals

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.