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

First Quantum Minerals Ltd. (TSE:FM) has been given an average recommendation of “Hold” by the eighteen analysts that are covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$20.83.

A number of research firms have weighed in on FM. National Bankshares lifted their target price on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Thursday, October 10th. Scotiabank raised their price target on shares of First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. Barclays decreased their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Finally, Eight Capital boosted their target price on First Quantum Minerals from C$17.00 to C$22.00 in a research report on Thursday, July 11th.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$18.05 on Thursday. 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$9.31 and a twelve month high of C$20.76. The firm has a market capitalization of C$15.05 billion, a PE ratio of -6.97, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a 50-day moving average price of C$17.26 and a two-hundred day moving average price of C$17.18.

Insider Activity

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 transaction of C$117,165.19. 19.35% of the stock is owned by corporate insiders.

About First Quantum Minerals

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.