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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$20.12.

FM has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research note on Thursday, August 1st. Scotiabank lowered their price target on First Quantum Minerals from C$18.50 to C$17.00 in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$19.00 to C$26.00 in a research report on Wednesday, June 26th. Jefferies Financial Group lifted their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. Finally, Eight Capital increased their target price on shares of First Quantum Minerals from C$17.00 to C$22.00 in a report on Thursday, July 11th.

First Quantum Minerals Stock Performance

The stock’s fifty day moving average price is C$16.61 and its two-hundred day moving average price is C$16.78. The firm has a market capitalization of C$15.66 billion, a P/E ratio of -7.30, a P/E/G 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$32.47. 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 (TSE:FM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. The company had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion. On average, equities research analysts predict that First Quantum Minerals will post 0.3652482 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 value of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals 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. Corporate 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.