First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$33.75.

FM has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on First Quantum Minerals from C$33.00 to C$38.00 in a research report on Monday, October 6th. Stifel Canada raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. TD Securities boosted their target price on shares of First Quantum Minerals from C$30.00 to C$35.00 in a research note on Tuesday, October 21st. Finally, Scotiabank raised their price target on shares of First Quantum Minerals from C$34.00 to C$35.00 in a report on Tuesday, October 28th.

First Quantum Minerals Stock Down 0.4%

FM stock opened at C$33.03 on Friday. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$33.88. The firm has a market cap of C$27.55 billion, a PE ratio of 550.50, a P/E/G ratio of -1.28 and a beta of 1.66. The firm has a 50 day simple moving average of C$30.53 and a 200 day simple moving average of C$25.84. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%.The business had revenue of C$1.87 billion during the quarter. Equities research analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Charles Kevin Mcarthur bought 10,000 shares of First Quantum Minerals stock in a transaction on Friday, October 31st. The stock was purchased at an average cost of C$29.06 per share, for a total transaction of C$290,600.00. Following the completion of the purchase, the director directly owned 35,000 shares of the company’s stock, valued at C$1,017,100. The trade was a 40.00% increase in their ownership of the stock. Insiders have purchased 10,474 shares of company stock valued at $304,575 in the last ninety days. 19.35% of the stock is owned by insiders.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.