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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$21.57.

Several research firms have recently commented on FM. JPMorgan Chase & Co. decreased their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Scotiabank decreased their target price on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group dropped their price target on First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price target for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Finally, Barclays lowered their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th.

Insider Activity

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Trading Down 1.7 %

Shares of FM opened at C$16.89 on Wednesday. First Quantum Minerals has a one year low of C$12.77 and a one year high of C$21.45. The stock has a 50-day moving average price of C$18.89 and a 200 day moving average price of C$18.12. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market capitalization of C$9.59 billion, a P/E ratio of -6.24, a P/E/G ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the prior year, the company posted ($0.37) earnings per share. Sell-side analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

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.