Brokerages Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$21.57

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$21.57.

Several equities research analysts recently commented on FM shares. JPMorgan Chase & Co. dropped their target price on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Jefferies Financial Group cut their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. TD Securities lifted their target price on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Barclays cut their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Alison Cheryl Beckett purchased 1,388 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. 19.35% of the stock is owned by company insiders.

First Quantum Minerals Stock Performance

FM stock opened at C$16.00 on Friday. The stock’s fifty day moving average is C$19.20 and its two-hundred day moving average is C$18.75. The stock has a market capitalization of C$9.08 billion, a price-to-earnings ratio of -5.91, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$23.28.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter in the previous year, the firm earned ($0.37) EPS. On average, research analysts predict 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.