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

First Quantum Minerals Ltd. (TSE:FM) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$21.05.

FM has been the topic of a number of recent analyst reports. 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 report on Thursday, October 24th. Morgan Stanley lifted 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 research report on Thursday, December 12th. Jefferies Financial Group reduced their target price on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Scotiabank increased 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 research report on Thursday, December 12th. Finally, CIBC boosted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd.

Insider Activity at First Quantum Minerals

In other news, Director Simon John Scott purchased 1,397 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is owned by company insiders.

First Quantum Minerals Trading Down 1.6 %

TSE FM opened at C$19.52 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The firm has a market capitalization of C$16.28 billion, a P/E ratio of -7.54, a PEG ratio of -1.28 and a beta of 1.73. The business has a fifty day simple moving average of C$18.98 and a 200 day simple moving average of C$17.83. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45.

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.