First Quantum Minerals Ltd. (TSE:FM) Given Consensus Recommendation 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 covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$21.18.

FM has been the topic of a number of research analyst reports. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$24.00 to C$20.00 in a report on Thursday. Scotiabank decreased their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research note on Thursday. Morgan Stanley upped 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 report on Thursday, December 12th. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction dated 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 bought 1,397 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. 19.35% of the stock is currently owned by corporate insiders.

First Quantum Minerals Trading Up 1.5 %

Shares of First Quantum Minerals stock opened at C$19.01 on Tuesday. The firm has a market cap of C$15.86 billion, a price-to-earnings ratio of -7.34, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52-week low of C$10.91 and a 52-week high of C$21.45. The company’s 50-day simple moving average is C$19.08 and its 200-day simple moving average is C$17.92. 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.