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

Shares of First Quantum Minerals Ltd. (TSE:FM) have received a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$19.88.

Several brokerages recently issued reports on FM. Morgan Stanley downgraded First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Citigroup upgraded shares of First Quantum Minerals from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$14.00 to C$26.00 in a research note on Thursday, June 20th. Eight Capital upped their price objective on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Raymond James increased their price objective on First Quantum Minerals from C$19.00 to C$21.00 in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group boosted their target price on First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd.

First Quantum Minerals Price Performance

Shares of FM opened at C$16.54 on Tuesday. The stock has a market cap of C$13.79 billion, a P/E ratio of -7.16, a P/E/G ratio of -1.28 and a beta of 1.96. The business’s fifty day moving average is C$17.64 and its 200 day moving average is C$15.58. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 49,250 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total transaction of C$885,022.50. Company insiders own 16.10% of the company’s stock.

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.