First Quantum Minerals Ltd. (TSE:FM) Director Acquires C$25,942.29 in Stock

First Quantum Minerals Ltd. (TSE:FM) Director Simon John Scott purchased 1,397 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of C$18.57 per share, for a total transaction of C$25,942.29.

First Quantum Minerals Stock Up 1.0 %

Shares of First Quantum Minerals stock opened at C$19.11 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. 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 market cap of C$15.94 billion, a P/E ratio of -7.38, a PEG ratio of -1.28 and a beta of 1.73. The company’s fifty day simple moving average is C$18.84 and its two-hundred day simple moving average is C$17.73.

Analysts Set New Price Targets

FM has been the topic of a number of research reports. Scotiabank raised their price objective on First Quantum Minerals from C$18.50 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. National Bankshares upped their price objective on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays upgraded shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. Nine research 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 has a consensus rating of “Hold” and a consensus price target of C$21.05.

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.