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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$21.13.

Several research analysts have recently issued reports on the company. Morgan Stanley raised 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 report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Monday. CIBC lifted their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. National Bankshares boosted their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average cost of C$18.57 per share, with a total value of C$25,942.29. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Up 4.7 %

FM opened at C$19.90 on Tuesday. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The firm has a market cap of C$16.60 billion, a price-to-earnings ratio of -7.68, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a twelve month low of C$10.91 and a twelve month high of C$21.45. The firm’s 50-day simple moving average is C$19.10 and its 200-day simple moving average is C$17.94.

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.