First Quantum Minerals (TSE:FM) Upgraded by Stifel Canada to Hold Rating

Stifel Canada upgraded shares of First Quantum Minerals (TSE:FM) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their price target for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Scotiabank lowered their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. TD Securities boosted their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Barclays lowered their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Morgan Stanley boosted their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$23.12 on Wednesday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a 1-year low of C$13.30 and a 1-year high of C$23.24. The company has a market capitalization of C$13.12 billion, a P/E ratio of -8.54, a P/E/G ratio of -1.28 and a beta of 1.73. The firm’s 50 day simple moving average is C$18.93 and its two-hundred day simple moving average is C$18.42.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned ($0.37) EPS. Research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of C$17.23 per share, for a total transaction of C$430,842.13. 19.35% of the stock is owned by insiders.

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.