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

First Quantum Minerals Ltd. (TSE:FM) has received an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Ten 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 brokerages that have issued a report on the stock in the last year is C$21.57.

FM has been the subject of several recent research reports. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Scotiabank dropped their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price target for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Finally, Jefferies Financial Group decreased their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th.

Insider Activity

In other First Quantum Minerals news, Director Charles Kevin Mcarthur acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average cost of C$17.23 per share, with a total value of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of First Quantum Minerals 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. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Trading Up 4.9 %

TSE:FM opened at C$20.30 on Friday. 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 has a one year low of C$13.81 and a one year high of C$23.28. The company has a market cap of C$11.52 billion, a PE ratio of -7.50, a PEG ratio of -1.28 and a beta of 1.73. The firm has a 50-day moving average of C$19.25 and a 200-day moving average of C$18.72.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping 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 last year, the company posted ($0.37) earnings per share. As a group, equities research analysts expect that First Quantum Minerals will post 0.55872 EPS 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.