Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Price Target at C$21.47

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.47.

Several research analysts recently issued reports on the company. Scotiabank dropped their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. National Bankshares increased their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Morgan Stanley increased their price objective on 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. Finally, Jefferies Financial Group dropped their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. Company insiders own 19.35% of the company’s stock.

First Quantum Minerals Trading Up 0.4 %

FM opened at C$18.91 on Friday. The stock has a market cap 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 50 day moving average price is C$19.12 and its 200-day moving average price is C$18.01. First Quantum Minerals has a one year low of C$10.91 and a one year high of C$21.45. 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 (TSE:FM) last announced its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. During the same period in the previous year, the company earned ($0.37) EPS. On average, equities analysts forecast 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.