First Quantum Minerals Ltd. (TSE:FM) Receives C$21.05 Consensus Price Target from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.18.

Several analysts have issued reports on the company. Scotiabank cut their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research note on Thursday. Morgan Stanley boosted their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada raised their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$24.00 to C$20.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th.

Insider Buying and Selling

In other news, Director Simon John Scott bought 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price 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 business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$19.01 on Tuesday. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 1 year low of C$10.91 and a 1 year high of C$21.45. The firm’s 50-day simple moving average is C$19.08 and its 200-day simple moving average is C$17.92. The firm has a market cap of C$15.86 billion, a PE ratio of -7.34, a price-to-earnings-growth 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.