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

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been given a consensus rating of "Hold" by the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$19.99.

FM has been the subject of a number of analyst reports. Eight Capital lifted their price target on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Stifel Nicolaus lifted their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a "hold" rating in a research report on Thursday, May 30th. Raymond James increased their price target on First Quantum Minerals from C$19.00 to C$21.00 in a research report on Thursday, May 23rd. Scotiabank dropped their price objective on First Quantum Minerals from C$19.00 to C$18.50 in a research note on Thursday, July 25th. Finally, Citigroup upgraded shares of First Quantum Minerals from a "neutral" rating to a "buy" rating and upped their target price for the stock from C$14.00 to C$26.00 in a research note on Thursday, June 20th.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 49,250 shares of the firm's stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total value of C$885,022.50. In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 49,250 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total value of C$885,022.50. Insiders own 16.10% of the company's stock.

First Quantum Minerals Trading Down 1.0 %

Shares of FM stock traded down C$0.17 during mid-day trading on Friday, hitting C$16.62. The company's stock had a trading volume of 966,434 shares, compared to its average volume of 2,852,671. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$37.23. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68. The company's fifty day simple moving average is C$17.08 and its 200-day simple moving average is C$15.84. The company has a market cap of C$13.85 billion, a PE ratio of -7.19, a P/E/G ratio of -1.28 and a beta of 1.96.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The company had revenue of C$1.68 billion for the quarter, compared to analysts' expectations of C$1.42 billion. As a group, equities research analysts expect that First Quantum Minerals will post 1.0067358 earnings per share for the current fiscal 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.