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

First Quantum Minerals Ltd. (TSE:FM) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$20.72.

FM has been the topic of a number of research analyst reports. National Bankshares boosted their price objective 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. CIBC boosted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Scotiabank boosted their target price on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th.

Insider Transactions at First Quantum Minerals

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

First Quantum Minerals Stock Performance

TSE:FM opened at C$19.28 on Monday. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$20.76. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The firm’s fifty day moving average price is C$17.89 and its 200 day moving average price is C$17.53. The firm has a market cap of C$16.08 billion, a price-to-earnings ratio of -7.44, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

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.