Brokerages Set First Quantum Minerals Ltd. (TSE:FM) PT at C$20.72

Shares of First Quantum Minerals Ltd. (TSE:FM) have received an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$20.72.

FM has been the topic of several research reports. Barclays upgraded shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th. National Bankshares raised their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. Scotiabank raised their price objective on 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. Finally, Royal Bank of Canada upped their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th.

Insider Activity at First Quantum Minerals

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

First Quantum Minerals Trading Up 1.8 %

Shares of FM opened at C$19.13 on Monday. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$20.76. The company has a market capitalization of C$15.96 billion, a P/E ratio of -7.26, a P/E/G ratio of -1.28 and a beta of 1.73. 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 firm’s 50 day simple moving average is C$18.25 and its 200 day simple moving average is C$17.58.

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.