First Quantum Minerals Ltd. (TSE:FM) Receives C$20.72 Consensus Price Target from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Hold” by the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$20.72.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. 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. National Bankshares raised their target price on 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. Finally, Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction on Tuesday, September 24th. The stock was 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

TSE:FM opened at C$19.04 on Monday. The stock has a market cap of C$15.88 billion, a P/E ratio of -7.22, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. 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 stock’s 50-day moving average is C$18.08 and its 200-day moving average is C$17.56. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$20.76.

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.