First Quantum Minerals Ltd. (TSE:FM) Given Consensus Rating of “Hold” by Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$20.12.

FM has been the topic of several research reports. BMO Capital Markets lowered shares of First Quantum Minerals from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$17.00 to C$19.00 in a research note on Tuesday, May 21st. Citigroup raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$14.00 to C$26.00 in a research note on Thursday, June 20th. JPMorgan Chase & Co. dropped their price objective on shares of First Quantum Minerals from C$20.00 to C$16.00 in a research note on Friday, July 19th. Stifel Nicolaus boosted their price objective on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, Scotiabank dropped their price objective on shares of First Quantum Minerals from C$18.50 to C$17.00 in a research note on Monday, August 19th.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. 19.35% of the stock is owned by insiders.

First Quantum Minerals Price Performance

Shares of TSE FM opened at C$16.86 on Wednesday. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$36.02. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The company’s 50-day moving average is C$16.55 and its 200 day moving average is C$16.37. The stock has a market capitalization of C$14.06 billion, a P/E ratio of -6.61, a P/E/G ratio of -1.28 and a beta of 1.72.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. The company had revenue of C$1.68 billion for the quarter, compared to analysts’ expectations of C$1.42 billion. On average, sell-side analysts expect that First Quantum Minerals will post 1.0143443 earnings per share for the current year.

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.