First Quantum Minerals (TSE:FM) Stock Rating Upgraded by Stifel Canada

First Quantum Minerals (TSE:FM) was upgraded by equities researchers at Stifel Canada to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on FM. Barclays decreased their price target on First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. TD Securities lifted their target price on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research report on Thursday, February 13th. Scotiabank dropped 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 report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their target price for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, First Quantum Minerals has a consensus rating of “Hold” and a consensus target price of C$21.57.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$23.12 on Wednesday. First Quantum Minerals has a 52 week low of C$13.30 and a 52 week high of C$23.24. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$13.12 billion, a P/E ratio of -8.54, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The stock has a 50 day moving average of C$18.93 and a 200-day moving average of C$18.42.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter in the prior year, the business posted ($0.37) EPS. On average, analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Buying and Selling at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur bought 25,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$17.23 per share, with a total value of C$430,842.13. Also, Director Simon John Scott purchased 1,397 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. 19.35% of the stock is owned by company insiders.

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.