First Quantum Minerals Ltd. (TSE:FM) Given Consensus Rating of "Hold" by Brokerages

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has been given a consensus recommendation of "Hold" by the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$21.05.

Several research firms recently commented on FM. Royal Bank of Canada raised their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. National Bankshares boosted their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays raised shares of First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 12th. Finally, CIBC lifted their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd.

First Quantum Minerals Stock Performance

Shares of TSE:FM traded up C$1.40 during trading on Friday, hitting C$18.81. The stock had a trading volume of 5,655,590 shares, compared to its average volume of 2,583,155. The stock has a 50-day simple moving average of C$18.66 and a two-hundred day simple moving average of C$17.70. The stock has a market capitalization of C$15.69 billion, a price-to-earnings ratio of -7.26, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12-month low of C$10.43 and a 12-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.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. Corporate insiders own 19.35% of the company's stock.

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.