First Quantum Minerals Ltd. (TSE:FM) Given Average Rating of “Hold” by Brokerages

First Quantum Minerals Ltd. (TSE:FM) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$21.57.

Several equities analysts recently issued reports on FM shares. Scotiabank decreased their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Morgan Stanley increased their price objective 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. Royal Bank of Canada raised their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Finally, TD Securities lifted their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Simon John Scott acquired 1,397 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$19.79 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 12-month low of C$13.81 and a 12-month high of C$23.28. The firm has a fifty day moving average of C$19.24 and a 200-day moving average of C$18.66. The firm has a market capitalization of C$11.23 billion, a price-to-earnings ratio of -7.31, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same period in the previous year, the business earned ($0.37) earnings per share. On average, equities research analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current year.

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.