First Quantum Minerals Ltd. (TSE:FM) Receives Average Rating of “Hold” from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$29.21.

FM has been the topic of a number of recent analyst reports. Scotiabank cut their target price on First Quantum Minerals from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. National Bankshares lowered First Quantum Minerals from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$40.00 to C$36.00 in a research report on Monday, October 30th. Morgan Stanley raised First Quantum Minerals from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from C$32.00 to C$31.00 in a research report on Thursday, October 12th. Jefferies Financial Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating and cut their target price for the stock from C$40.00 to C$22.00 in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus dropped their price target on First Quantum Minerals from C$24.00 to C$22.00 and set a “hold” rating on the stock in a research report on Monday, November 13th.

First Quantum Minerals Price Performance

Shares of TSE FM opened at C$14.77 on Thursday. First Quantum Minerals has a twelve month low of C$13.66 and a twelve month high of C$39.13. The company has a current ratio of 1.85, a quick ratio of 1.41 and a debt-to-equity ratio of 64.53. The company has a market capitalization of C$10.24 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of -1.28 and a beta of 2.35. The business has a 50 day simple moving average of C$26.53 and a 200-day simple moving average of C$31.00.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, October 24th. The company reported C$0.70 EPS for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.36. The firm had revenue of C$2.72 billion during the quarter, compared to the consensus estimate of C$2.68 billion. First Quantum Minerals had a return on equity of 5.35% and a net margin of 8.63%. As a group, equities research analysts expect that First Quantum Minerals will post 1.6891026 earnings per share for the current year.

First Quantum Minerals Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 19th were given a $0.08 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 25th. First Quantum Minerals’s payout ratio is currently 17.21%.

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.