First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Hold” from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FMGet Rating) have been assigned an average rating of “Hold” from the twenty-three brokerages that are presently covering the company, reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$38.06.

Several research analysts have commented on FM shares. Jefferies Financial Group raised their target price on First Quantum Minerals from C$50.00 to C$53.00 in a research note on Wednesday, March 9th. Scotiabank lifted their price target on First Quantum Minerals from C$43.00 to C$50.00 in a research report on Wednesday, April 13th. Canaccord Genuity Group downgraded First Quantum Minerals to a “hold” rating and set a C$44.00 price target for the company. in a research report on Monday. Royal Bank of Canada set a C$39.00 price target on First Quantum Minerals and gave the company an “outperform” rating in a research report on Wednesday, February 16th. Finally, National Bankshares lifted their price target on First Quantum Minerals from C$40.00 to C$48.00 in a research report on Friday, April 8th.

In related news, Senior Officer Hannes Meyer sold 31,765 shares of the company’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of C$35.78, for a total value of C$1,136,662.88. Following the sale, the insider now directly owns 89,463 shares of the company’s stock, valued at C$3,201,299.26. Also, Director G. Clive Newall sold 2,551 shares of the company’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of C$42.50, for a total value of C$108,417.50. Following the completion of the sale, the director now directly owns 2,193,461 shares in the company, valued at C$93,222,092.50. Insiders have sold 292,201 shares of company stock worth $11,371,329 over the last three months.

Shares of First Quantum Minerals stock opened at C$42.15 on Wednesday. First Quantum Minerals has a 1 year low of C$20.67 and a 1 year high of C$45.38. The firm has a market cap of C$28.92 billion and a PE ratio of 27.80. The stock has a fifty day moving average price of C$39.21 and a 200-day moving average price of C$32.84. The company has a debt-to-equity ratio of 80.46, a current ratio of 2.34 and a quick ratio of 1.48.

First Quantum Minerals (TSE:FMGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.65 by C($0.10). The company had revenue of C$2.60 billion during the quarter, compared to the consensus estimate of C$2.54 billion. As a group, equities analysts anticipate that First Quantum Minerals will post 3.15759 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 6th. Stockholders of record on Thursday, April 14th will be paid a dividend of $0.005 per share. The ex-dividend date is Wednesday, April 13th. This represents a dividend yield of 0.01%. First Quantum Minerals’s dividend payout ratio (DPR) is presently 0.53%.

First Quantum Minerals Company Profile (Get Rating)

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, gold, silver, 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.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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