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

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

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$19.11 on Friday. The business has a 50-day moving average price of C$18.84 and a two-hundred day moving average price of C$17.73. First Quantum Minerals Ltd. has a 1-year low of C$10.91 and a 1-year 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 has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FM shares. National Bankshares raised their price target 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. CIBC upped their price target on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their target price on First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th. Finally, Morgan Stanley lifted their price target on 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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.