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

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on 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.

FM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. CIBC boosted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. National Bankshares boosted their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, 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.

Insiders Place Their Bets

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is currently owned by insiders.

First Quantum Minerals Trading Down 2.0 %

TSE:FM opened at C$17.41 on Friday. The firm has a 50-day simple moving average of C$18.70 and a 200-day simple moving average of C$17.70. First Quantum Minerals has a one year low of C$10.34 and a one year high of C$21.45. The firm has a market cap of C$14.52 billion, a P/E ratio of -6.72, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35.

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.