First Quantum Minerals Ltd. (TSE:FM) Receives C$21.05 Average PT from Analysts

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Hold” by the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$21.05.

A number of analysts recently weighed in on FM shares. Royal Bank of Canada increased their price target on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. CIBC upped their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 12th.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is currently owned by insiders.

First Quantum Minerals Stock Down 0.3 %

TSE:FM opened at C$19.00 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. First Quantum Minerals has a 12-month low of C$10.67 and a 12-month high of C$21.45. The stock’s fifty day simple moving average is C$18.71 and its 200-day simple moving average is C$17.69. The firm has a market capitalization of C$15.85 billion, a P/E ratio of -7.34, a P/E/G ratio of -1.28 and a beta of 1.73.

First Quantum Minerals Company Profile

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.