First Quantum Minerals (TSE:FM) Director Charles Kevin Mcarthur Purchases 10,000 Shares

First Quantum Minerals Ltd. (TSE:FM) Director Charles Kevin Mcarthur bought 10,000 shares of First Quantum Minerals stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of C$29.06 per share, with a total value of C$290,600.00. Following the completion of the purchase, the director owned 35,000 shares in the company, valued at C$1,017,100. This trade represents a 40.00% increase in their ownership of the stock.

First Quantum Minerals Stock Down 2.1%

Shares of FM traded down C$0.60 during trading hours on Monday, hitting C$28.52. The stock had a trading volume of 1,958,642 shares, compared to its average volume of 2,413,356. The firm has a market capitalization of C$23.79 billion, a P/E ratio of 475.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.58. First Quantum Minerals Ltd. has a 1-year low of C$14.41 and a 1-year high of C$33.88. The firm has a 50 day simple moving average of C$28.46 and a 200-day simple moving average of C$24.04. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Securities increased their target price on First Quantum Minerals from C$30.00 to C$35.00 in a report on Tuesday, October 21st. Barclays increased their target price on First Quantum Minerals from C$27.30 to C$38.00 in a report on Friday, October 10th. Scotiabank increased their target price on First Quantum Minerals from C$34.00 to C$35.00 in a report on Tuesday, October 28th. CIBC increased their target price on First Quantum Minerals from C$26.00 to C$36.00 in a report on Friday, October 10th. Finally, Stifel Nicolaus upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and increased their target price for the stock from C$26.00 to C$38.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$33.80.

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.