First Quantum Minerals (TSE:FM) Raised to “Hold” at Stifel Canada

First Quantum Minerals (TSE:FM) was upgraded by equities research analysts at Stifel Canada to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on FM. Scotiabank cut their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Barclays cut their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. TD Securities lifted their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$21.57.

First Quantum Minerals Price Performance

Shares of FM opened at C$22.19 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1 year low of C$13.30 and a 1 year high of C$23.24. The stock has a market cap of C$12.59 billion, a P/E ratio of -8.20, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The stock’s 50-day moving average price is C$18.96 and its two-hundred day moving average price is C$18.46.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned ($0.37) EPS. On average, equities analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Activity at First Quantum Minerals

In related news, Director Simon John Scott purchased 1,397 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. 19.35% of the stock is owned by insiders.

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.