First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$15.72.

Several equities analysts have recently issued reports on FM shares. Barclays raised First Quantum Minerals from an “underperform” rating to an “equal weight” rating and lifted their price target for the stock from C$11.00 to C$13.00 in a research report on Thursday, February 29th. TD Securities boosted their target price on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a “hold” rating in a research report on Monday, March 4th. UBS Group set a C$16.00 target price on First Quantum Minerals and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Jefferies Financial Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Finally, CIBC decreased their target price on First Quantum Minerals from C$15.00 to C$14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st.

First Quantum Minerals Price Performance

FM opened at C$13.32 on Wednesday. The stock has a 50-day moving average price of C$12.85 and a 200-day moving average price of C$17.49. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The firm has a market cap of C$11.10 billion, a PE ratio of -7.16, a P/E/G ratio of -1.28 and a beta of 1.97. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Sell-side analysts predict that First Quantum Minerals will post 0.7777202 earnings per share for the current fiscal year.

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.