First Quantum Minerals (TSE:FM) Upgraded to Hold at Stifel Canada

Stifel Canada upgraded shares of First Quantum Minerals (TSE:FM) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Barclays lowered their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Scotiabank lowered their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$21.57.

First Quantum Minerals Trading Up 6.5 %

TSE:FM opened at C$23.12 on Wednesday. The company has a 50-day moving average price of C$18.93 and a 200-day moving average price of C$18.42. First Quantum Minerals has a 12 month low of C$13.30 and a 12 month high of C$23.24. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$13.12 billion, a price-to-earnings ratio of -8.54, a P/E/G ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the previous year, the business posted ($0.37) earnings per share. Equities analysts predict that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Transactions at First Quantum Minerals

In related news, Director Charles Kevin Mcarthur purchased 25,000 shares of First Quantum Minerals stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Company 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.