First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Hold” from Analysts

First Quantum Minerals Ltd. (TSE:FM) has been assigned an average recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$20.83.

Several analysts have commented on FM shares. CIBC raised their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Barclays dropped their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group boosted their target price on First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price target on shares of First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th.

First Quantum Minerals Stock Performance

FM stock opened at C$18.05 on Thursday. The company has a market cap of C$15.05 billion, a P/E ratio of -6.97, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$20.76. The business’s fifty day moving average is C$17.26 and its 200-day moving average is C$17.18. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00.

Insider Activity at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. 19.35% of the stock is 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.