First Quantum Minerals Ltd. (TSE:FM) Receives C$21.47 Consensus PT from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have received a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$21.47.

FM has been the subject of several research 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 stock an “outperform” rating in a research note on Thursday, October 24th. Barclays decreased their target price on First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Royal Bank of Canada upped their price target on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. CIBC increased their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Finally, Morgan Stanley boosted 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 research note on Thursday, December 12th.

First Quantum Minerals Stock Performance

TSE FM opened at C$19.80 on Friday. The company has a market capitalization of C$16.51 billion, a PE ratio of -7.64, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 52-week low of C$10.91 and a 52-week high of C$21.45. The company has a 50-day simple moving average of C$19.13 and a 200 day simple moving average of C$18.00.

Insider Transactions at First Quantum Minerals

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

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.