Analysts Set First Quantum Minerals Ltd. (TSE:FM) PT at C$20.72

First Quantum Minerals Ltd. (TSE:FM) has received a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Ten 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 analysts that have updated their coverage on the stock in the last year is C$20.72.

Several brokerages have issued reports on FM. JPMorgan Chase & Co. decreased their price objective on shares of First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Morgan Stanley upped their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. CIBC lifted their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Finally, National Bankshares raised their price target on shares of 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.

Insider Buying and Selling at First Quantum Minerals

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

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$19.13 on Monday. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$20.76. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The firm has a 50-day moving average price of C$18.32 and a 200-day moving average price of C$17.59. The firm has a market capitalization of C$15.96 billion, a PE ratio of -7.39, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

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.