Simon John Scott Acquires 1,397 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

First Quantum Minerals Ltd. (TSE:FM) Director Simon John Scott acquired 1,397 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was acquired 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 %

FM opened at C$19.11 on Friday. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The business has a 50 day simple moving average of C$18.84 and a 200-day simple moving average of C$17.73. The stock has a market capitalization of C$15.94 billion, a P/E ratio of -7.38, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a 12 month low of C$10.91 and a 12 month high of C$21.45.

Wall Street Analysts Forecast Growth

FM has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. CIBC upped their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.