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

First Quantum Minerals Ltd. (TSE:FM) has been assigned an average rating of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$21.13.

Several brokerages have commented on FM. Jefferies Financial Group decreased their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Scotiabank cut their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Monday. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Finally, CIBC upped their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Director Simon John Scott acquired 1,397 shares of the stock in a transaction dated 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. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Company insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

Shares of FM opened at C$19.90 on Tuesday. The stock has a 50-day moving average of C$19.10 and a two-hundred day moving average of C$17.94. The stock has a market cap of C$16.60 billion, a P/E ratio of -7.68, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a one year low of C$10.91 and a one year high of C$21.45. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35.

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.