Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$20.72

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Ten 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 brokers that have issued ratings on the stock in the last year is C$20.72.

Several research analysts have recently weighed in on FM shares. Royal Bank of Canada boosted their price objective on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley increased their price target on First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. Finally, National Bankshares upped their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

Insider Activity at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction 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$19.13 on Monday. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$20.76. The business’s fifty day simple moving average is C$18.32 and its two-hundred day simple moving average is C$17.59. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The company has a market cap of C$15.96 billion, a price-to-earnings ratio of -7.39, 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.