First Quantum Minerals (TSE:FM) Director Buys C$290,600.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) Director Charles Kevin Mcarthur bought 10,000 shares of First Quantum Minerals stock in a transaction on Friday, October 31st. The shares were bought at an average price of C$29.06 per share, for a total transaction of C$290,600.00. Following the acquisition, the director owned 35,000 shares of the company’s stock, valued at approximately C$1,017,100. The trade was a 40.00% increase in their position.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$28.53 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The firm has a market capitalization of C$23.80 billion, a P/E ratio of 475.50, a PEG ratio of -1.28 and a beta of 1.66. The business has a 50-day moving average of C$28.74 and a 200-day moving average of C$24.23. First Quantum Minerals Ltd. has a 1 year low of C$14.41 and a 1 year high of C$33.88.

Analyst Ratings Changes

Several equities research analysts have commented on FM shares. Citigroup upped their target price on shares of First Quantum Minerals from C$26.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Stifel Nicolaus raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$26.00 to C$38.00 in a research note on Tuesday, October 21st. Scotiabank lifted their target price on First Quantum Minerals from C$34.00 to C$35.00 in a report on Tuesday, October 28th. Morgan Stanley increased their price target on First Quantum Minerals from C$24.60 to C$31.20 in a report on Wednesday, October 8th. Finally, Desjardins raised their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, August 20th. Three equities research 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 stock. Based on data from MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy” and an average price target of C$33.80.

About First Quantum Minerals

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.