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

Shares of First Quantum Minerals Ltd. (TSE:FM) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$19.10.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$18.00 to C$17.00 and set a “neutral” rating for the company in a research report on Monday, May 27th. Canaccord Genuity Group reduced their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating for the company in a research report on Thursday, April 25th. Scotiabank lifted their price target on First Quantum Minerals from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 30th. Barclays boosted their target price on First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 16th. Finally, Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$14.00 to C$26.00 in a research report on Thursday, June 20th.

First Quantum Minerals Trading Down 1.4 %

Shares of FM stock opened at C$19.37 on Friday. The stock’s fifty day simple moving average is C$17.64 and its 200 day simple moving average is C$14.55. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The firm has a market capitalization of C$16.15 billion, a P/E ratio of -8.39, a P/E/G ratio of -1.28 and a beta of 1.96. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The business had revenue of C$1.40 billion for the quarter, compared to the consensus estimate of C$1.25 billion. As a group, sell-side analysts predict that First Quantum Minerals will post 1.0067358 EPS for the current fiscal year.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 49,250 shares of First Quantum Minerals stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total value of C$885,022.50. 16.10% of the stock is currently owned by corporate insiders.

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.