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

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$34.57.

Several equities research analysts have recently issued reports on FM shares. CIBC lifted their price objective on shares of First Quantum Minerals from C$26.00 to C$36.00 in a research report on Friday, October 10th. Barclays lifted their price target on shares of First Quantum Minerals from C$27.30 to C$38.00 in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. Morgan Stanley raised their price objective on First Quantum Minerals from C$30.20 to C$33.50 in a research report on Tuesday, December 16th. Finally, Raymond James Financial boosted their target price on First Quantum Minerals from C$25.00 to C$29.00 in a research report on Friday, October 10th.

First Quantum Minerals Stock Performance

TSE FM opened at C$39.54 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$39.60. The business has a 50-day moving average price of C$32.27 and a 200-day moving average price of C$28.14. The firm has a market cap of C$32.98 billion, a price-to-earnings ratio of 659.00, a price-to-earnings-growth ratio of -1.28 and a beta of 1.37.

First Quantum Minerals (TSE:FM) last issued its 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 net margin of 32.41% and a negative return on equity of 14.05%. The business had revenue of C$1.87 billion for the quarter. As a group, equities research analysts predict that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Transactions at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur acquired 10,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of C$29.06 per share, with a total value of C$290,600.00. Following the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at approximately C$1,017,100. The trade was a 40.00% increase in their ownership of the stock. Over the last 90 days, insiders purchased 10,474 shares of company stock valued at $304,575. Insiders own 19.35% of the company’s stock.

About First Quantum Minerals

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. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.