First Quantum Minerals Limited (TSE:FM) has been given a consensus recommendation of “Buy” by the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$18.05.
A number of research firms recently commented on FM. Raymond James dropped their price objective on First Quantum Minerals from C$21.00 to C$19.00 in a research report on Monday, April 8th. National Bank Financial set a C$17.50 price objective on First Quantum Minerals in a research report on Thursday, April 18th. Canaccord Genuity cut First Quantum Minerals from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$16.00 to C$17.00 in a research report on Monday, April 15th. JPMorgan Chase & Co. cut First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research report on Friday, April 5th. Finally, CIBC lifted their price objective on First Quantum Minerals from C$17.00 to C$18.00 in a research report on Wednesday, April 3rd.
First Quantum Minerals stock traded up C$0.43 during midday trading on Friday, reaching C$12.01. 2,589,276 shares of the company were exchanged, compared to its average volume of 2,907,191. The stock has a market cap of $8.15 billion and a PE ratio of 18.48. First Quantum Minerals has a 1 year low of C$9.45 and a 1 year high of C$23.05. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 87.75.
About First Quantum Minerals
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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