First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of "Hold" from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been given an average recommendation of "Hold" by the seventeen ratings firms that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$21.47.

Several research analysts recently issued reports on FM shares. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating and cut their target price for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Barclays cut their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. CIBC raised their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Finally, Scotiabank decreased their price target on shares of 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, January 16th.

First Quantum Minerals Stock Down 4.9 %

TSE:FM traded down C$0.97 during trading hours on Friday, reaching C$18.83. The company had a trading volume of 3,803,673 shares, compared to its average volume of 2,078,664. First Quantum Minerals has a twelve month low of C$10.91 and a twelve month high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The firm has a market cap of C$15.71 billion, a price-to-earnings ratio of -7.27, a P/E/G ratio of -1.28 and a beta of 1.73. The business's 50-day simple moving average is C$19.13 and its two-hundred day simple moving average is C$18.01.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. On average, equities analysts expect that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Simon John Scott bought 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average cost 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 stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is currently owned by corporate insiders.

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.