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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Ten 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$20.72.

A number of research firms recently issued reports on FM. 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. Scotiabank upped their price target on shares of First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective 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. National Bankshares boosted their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their price target on shares of First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$19.28 on Monday. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The business has a 50 day moving average of C$17.89 and a two-hundred day moving average of C$17.53. The company has a market cap of C$16.08 billion, a P/E ratio of -7.44, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$20.76.

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.