First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Rating of “Hold” from Analysts

First Quantum Minerals Ltd. (TSE:FM) has been assigned an average rating of “Hold” from the seventeen research firms that are covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$17.02.

Several research firms have weighed in on FM. Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the company a “hold” rating in a research note on Tuesday, March 26th. Scotiabank decreased their target price on First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 22nd. Canaccord Genuity Group lowered their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Jefferies Financial Group cut their target price on shares of First Quantum Minerals from C$20.00 to C$19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$18.36 on Thursday. The firm has a market capitalization of C$15.30 billion, a P/E ratio of -7.88, a PEG ratio of -1.28 and a beta of 2.01. The firm has a fifty day moving average of C$15.21 and a 200-day moving average of C$14.15. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. As a group, analysts predict that First Quantum Minerals will post 0.9626943 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.