First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$21.05.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of 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. Scotiabank boosted their price target 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. National Bankshares raised their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. CIBC boosted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.

First Quantum Minerals Price Performance

FM opened at C$17.41 on Friday. The company’s 50-day simple moving average is C$18.70 and its two-hundred day simple moving average is C$17.70. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The stock has a market capitalization of C$14.52 billion, a P/E ratio of -6.72, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52-week low of C$10.34 and a 52-week high of C$21.45.

Insider Buying and Selling

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is owned by corporate insiders.

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.