Analysts Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$32.51

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$32.51.

FM has been the subject of a number of recent analyst reports. TD Securities boosted their price objective on First Quantum Minerals from C$25.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, September 29th. National Bankshares boosted their price objective on First Quantum Minerals from C$32.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on First Quantum Minerals from C$25.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Raymond James Financial boosted their price objective on First Quantum Minerals from C$25.00 to C$29.00 in a research report on Friday, October 10th. Finally, Citigroup boosted their price objective on First Quantum Minerals from C$26.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th.

First Quantum Minerals Stock Down 2.3%

First Quantum Minerals stock opened at C$31.09 on Thursday. The stock has a market capitalization of C$25.94 billion, a PE ratio of 124.36, a price-to-earnings-growth ratio of -1.28 and a beta of 1.58. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$33.88. The business has a 50 day simple moving average of C$27.08 and a 200-day simple moving average of C$22.97. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70. Insiders own 19.35% of the company’s stock.

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.