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

First Quantum Minerals Ltd. (TSE:FM) has received an average rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$21.05.

Several brokerages have commented on FM. Royal Bank of Canada raised 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 report on Thursday, October 24th. CIBC boosted their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th.

First Quantum Minerals Trading Down 0.3 %

Shares of FM opened at C$19.00 on Friday. First Quantum Minerals has a twelve month low of C$10.67 and a twelve month high of C$21.45. The stock has a market cap of C$15.85 billion, a PE ratio of -7.34, a P/E/G ratio of -1.28 and a beta of 1.73. 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’s 50-day moving average price is C$18.69 and its 200-day moving average price is C$17.68.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. Company 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.