First Quantum Minerals Ltd. (TSE:FM) Receives C$19.10 Consensus Target Price from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$19.10.

FM has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Bank of America lifted their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the company from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Citigroup raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$14.00 to C$26.00 in a research note on Thursday, June 20th. Finally, Canaccord Genuity Group decreased their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating for the company in a research note on Thursday, April 25th.

First Quantum Minerals Stock Up 3.1 %

Shares of TSE:FM opened at C$18.52 on Friday. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13. The business has a 50 day simple moving average of C$17.79 and a two-hundred day simple moving average of C$14.78. The firm has a market capitalization of C$15.44 billion, a PE ratio of -8.02, a price-to-earnings-growth ratio of -1.28 and a beta of 1.96. The company has a debt-to-equity ratio of 52.05, a current ratio of 2.68 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, April 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The business had revenue of C$1.40 billion for the quarter, compared to analysts’ expectations of C$1.25 billion. On average, equities analysts predict that First Quantum Minerals will post 1.0067358 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Zenon Wozniak sold 49,250 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total transaction of C$885,022.50. 16.10% of the stock is currently owned by 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.