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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$21.77.

FM has been the subject of a number of research analyst reports. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Barclays reduced their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. BMO Capital Markets raised First Quantum Minerals to a “strong-buy” rating in a research note on Tuesday, April 15th. Canaccord Genuity Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 16th. Finally, National Bankshares decreased their price target on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th.

Insider Buying and Selling

In other First Quantum Minerals news, Director Charles Kevin Mcarthur bought 25,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Also, Director Alison Cheryl Beckett bought 1,388 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of C$19.25 per share, with a total value of C$26,719.00. Company insiders own 19.35% of the company’s stock.

First Quantum Minerals Price Performance

Shares of TSE FM opened at C$18.23 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The firm has a 50-day moving average of C$18.44 and a two-hundred day moving average of C$18.71. First Quantum Minerals has a twelve month low of C$13.81 and a twelve month high of C$23.28. The company has a market capitalization of C$10.35 billion, a price-to-earnings ratio of -6.74, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period last year, the business earned ($0.37) EPS. As a group, analysts expect that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

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.