First Quantum Minerals Ltd. (TSE:FM) Receives C$21.05 Consensus Target Price from Analysts

First Quantum Minerals Ltd. (TSE:FM) has received an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$21.05.

FM has been the subject of several research reports. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. National Bankshares boosted their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Scotiabank raised their price target on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. CIBC upped their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

Shares of FM opened at C$18.81 on Friday. The company has a market capitalization of C$15.69 billion, a PE ratio of -7.26, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company’s 50 day moving average price is C$18.67 and its 200 day moving average price is C$17.69. First Quantum Minerals has a 52 week low of C$10.43 and a 52 week high of C$21.45.

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.