First Quantum Minerals Ltd. (TSE:FM) Receives Average Rating of "Hold" from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have received a consensus recommendation of "Hold" from the seventeen research firms that are covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.91.

FM has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Royal Bank of Canada raised shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$17.00 to C$18.00 in a research note on Monday, March 4th. Citigroup cut their target price on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a "neutral" rating on the stock in a report on Wednesday, January 10th. Scotiabank cut their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a "sector perform" rating on the stock in a report on Thursday, February 22nd. Finally, Barclays upgraded shares of First Quantum Minerals from an "underperform" rating to an "equal weight" rating and increased their target price for the stock from C$11.00 to C$13.00 in a report on Thursday, February 29th.

First Quantum Minerals Price Performance

Shares of TSE FM traded down C$0.67 during mid-day trading on Friday, hitting C$15.27. 2,620,613 shares of the stock were exchanged, compared to its average volume of 3,035,093. The company has a market cap of C$12.73 billion, a P/E ratio of -8.17, a PEG ratio of -1.28 and a beta of 2.01. The stock's fifty day simple moving average is C$13.54 and its two-hundred day simple moving average is C$15.81. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) 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 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. As a group, analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current fiscal year.

About First Quantum Minerals

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.