First Quantum Minerals Ltd. (TSE:FM) Receives C$34.57 Consensus PT from Brokerages

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

FM has been the topic of several analyst reports. Barclays lifted their price objective on First Quantum Minerals from C$27.30 to C$38.00 in a report on Friday, October 10th. JPMorgan Chase & Co. upgraded First Quantum Minerals from a “neutral” rating to an “overweight” rating and raised their price target for the stock from C$20.00 to C$42.00 in a research report on Friday, October 10th. Jefferies Financial Group boosted their price objective on First Quantum Minerals from C$33.00 to C$38.00 in a research report on Monday, October 6th. Stifel Canada upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Raymond James Financial lifted their target price on shares of First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th.

First Quantum Minerals Trading Up 1.3%

FM stock opened at C$37.29 on Tuesday. The company has a market capitalization of C$31.11 billion, a PE ratio of 621.50, a price-to-earnings-growth ratio of -1.28 and a beta of 1.43. 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 one year low of C$14.41 and a one year high of C$37.64. The company’s 50 day moving average price is C$32.09 and its two-hundred day moving average price is C$27.97.

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

Insider Activity at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur acquired 10,000 shares of the stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of C$29.06 per share, with a total value of C$290,600.00. Following the completion of the purchase, the director owned 35,000 shares in the company, valued at approximately C$1,017,100. The trade was a 40.00% increase in their position. Insiders have bought 10,474 shares of company stock worth $304,575 over the last ninety days. Corporate 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.