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

First Quantum Minerals Ltd. (TSE:FM) has received an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$21.05.

FM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th. National Bankshares raised their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Scotiabank boosted their price target on First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. CIBC upped their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group reduced their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$19.52 on Tuesday. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45. The company’s fifty day simple moving average is C$18.98 and its 200-day simple moving average is C$17.83. The firm has a market cap of C$16.28 billion, a PE ratio of -7.54, a P/E/G 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.

Insider Activity at First Quantum Minerals

In related news, Director Simon John Scott bought 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s 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 transaction of C$914,400.00. 19.35% of the stock is owned by company insiders.

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.