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Analysts Set First Quantum Minerals Ltd. (TSE:FM) PT at C$20.72

First Quantum Minerals logo with Basic Materials background

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has earned an average recommendation of "Hold" from the eighteen brokerages that are currently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$20.72.

FM has been the subject of several recent research reports. Barclays upgraded First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 12th. Morgan Stanley increased their target price on First Quantum Minerals from C$19.40 to C$20.20 in a report on Thursday, September 19th. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, CIBC boosted their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd.

View Our Latest Stock Report on First Quantum Minerals

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Corporate insiders own 19.35% of the company's stock.

First Quantum Minerals Stock Performance

Shares of TSE FM traded down C$0.37 during trading hours on Monday, reaching C$18.91. 9,428,738 shares of the stock were exchanged, compared to its average volume of 2,617,548. The firm has a market capitalization of C$15.77 billion, a price-to-earnings ratio of -7.30, a P/E/G ratio of -1.28 and a beta of 1.73. The stock's fifty day simple moving average is C$17.89 and its 200 day simple moving average is C$17.53. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$20.76.

First Quantum Minerals Company Profile

(Get Free Report

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.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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