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

Shares of First Quantum Minerals Ltd. (TSE:FM) have received an average recommendation of “Hold” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.47.

A number of analysts have recently weighed in on FM shares. Scotiabank dropped their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price target for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Royal Bank of Canada lifted their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th.

First Quantum Minerals Trading Up 2.8 %

TSE FM opened at C$19.92 on Friday. The company has a market cap of C$16.61 billion, a price-to-earnings ratio of -7.69, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. First Quantum Minerals has a twelve month low of C$10.91 and a twelve month high of C$21.45. The business’s fifty day moving average is C$19.10 and its 200 day moving average is C$17.98.

Insiders Place Their Bets

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Insiders own 19.35% of the company’s stock.

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.