Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$21.67

First Quantum Minerals Ltd. (TSE:FM) has earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$21.82.

Several research analysts have recently weighed in on FM shares. Raymond James upped their price objective on First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. National Bankshares cut their price objective on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 16th.

First Quantum Minerals Price Performance

FM stock opened at C$20.49 on Monday. The stock has a 50-day moving average price of C$18.80 and a two-hundred day moving average price of C$18.87. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28. The stock has a market cap of C$11.63 billion, a PE ratio of -7.57, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. Also, Director Alison Cheryl Beckett acquired 1,388 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. 19.35% of the stock is currently 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.