Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Price Target at C$21.57

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has received an average recommendation of "Hold" from the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$21.57.

FM has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of 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. JPMorgan Chase & Co. reduced their target price on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. TD Securities raised their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a research note on Thursday, February 13th. Jefferies Financial Group reduced their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Finally, Scotiabank lowered their target price 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 report on Thursday, January 16th.

Insider Activity

In other news, Director Charles Kevin Mcarthur acquired 25,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of C$17.23 per share, with a total value of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. Insiders own 19.35% of the company's stock.

First Quantum Minerals Stock Down 2.0 %

Shares of TSE:FM traded down C$0.41 on Friday, hitting C$19.89. 3,551,997 shares of the company's stock were exchanged, compared to its average volume of 2,464,909. First Quantum Minerals has a 1-year low of C$13.81 and a 1-year high of C$23.28. The company has a market capitalization of C$11.29 billion, a PE ratio of -7.35, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The firm's 50-day moving average is C$19.28 and its 200 day moving average is C$18.73.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same period in the prior year, the business earned ($0.37) earnings per share. Sell-side analysts predict that First Quantum Minerals will post 0.55872 EPS for the current year.

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.