First Quantum Minerals Ltd. (TSE:FM) Receives C$20.72 Consensus Price Target from Analysts

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Hold” by the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$20.72.

A number of analysts have issued reports on FM shares. Barclays upgraded shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Scotiabank lifted their target price on shares of First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. National Bankshares upped their price objective on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on shares of First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. Finally, CIBC upped their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the firm’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 corporate insiders.

First Quantum Minerals Stock Performance

Shares of FM opened at C$19.04 on Monday. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$20.76. The firm’s 50 day moving average is C$18.08 and its 200-day moving average is C$17.56. The stock has a market capitalization of C$15.88 billion, a P/E ratio of -7.22, 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.

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.