First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Hold” from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Nine research 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 covered the stock in the last year is C$21.47.

Several equities analysts have recently weighed in on FM shares. Barclays reduced their price target on First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Jefferies Financial Group dropped their price target on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Morgan Stanley lifted their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price target on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th.

First Quantum Minerals Stock Performance

TSE:FM opened at C$19.92 on Friday. The company has a market capitalization of C$16.61 billion, a P/E ratio of -7.69, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$10.91 and a 1 year high of C$21.45. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The business has a fifty day simple moving average of C$19.10 and a two-hundred day simple moving average of C$17.98.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction 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. Also, Director Simon John Scott purchased 1,397 shares of the stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. 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.