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

First Quantum Minerals Ltd. (TSE:FM) has been assigned a consensus recommendation of “Hold” from the seventeen analysts 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$21.05.

A number of research analysts have issued reports on FM shares. Royal Bank of Canada upped their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Scotiabank lifted their target price on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley increased their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. National Bankshares lifted their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by company insiders.

First Quantum Minerals Trading Up 8.0 %

FM stock opened at C$18.81 on Friday. The business has a fifty day moving average of C$18.67 and a 200-day moving average of C$17.69. The company has a market cap of C$15.69 billion, a P/E ratio of -7.26, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a twelve month low of C$10.43 and a twelve month high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00.

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.