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

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. Eleven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$20.83.

FM has been the subject of several recent research reports. Eight Capital lifted their price target on First Quantum Minerals from C$17.00 to C$22.00 in a research report on Thursday, July 11th. National Bankshares lifted their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Thursday, October 10th. Cormark dropped their price target on First Quantum Minerals from C$25.00 to C$23.50 and set a "buy" rating for the company in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group lifted their price target on First Quantum Minerals from C$22.00 to C$25.00 in a research report on Monday, July 22nd.

Insider Activity

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

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded down C$0.06 during trading on Thursday, reaching C$17.99. 3,926,815 shares of the stock traded hands, compared to its average volume of 2,646,710. The company has a market capitalization of C$15.00 billion, a price-to-earnings ratio of -6.74, a P/E/G ratio of -1.28 and a beta of 1.73. The business has a fifty day simple moving average of C$17.30 and a two-hundred day simple moving average of C$17.18. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$20.76.

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.