Analysts Set First Quantum Minerals Ltd. (TSE:FM) Price Target at C$21.05

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$21.05.

A number of research analysts recently issued reports on FM shares. Scotiabank lifted their price target on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. CIBC lifted their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$19.00 on Friday. The company’s fifty day moving average price is C$18.69 and its 200-day moving average price is C$17.68. The stock has a market cap of C$15.85 billion, a PE ratio of -7.34, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. First Quantum Minerals has a 12 month low of C$10.67 and a 12 month high of C$21.45.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. Insiders own 19.35% of the company’s stock.

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.