Shares of First Quantum Minerals Ltd. (TSE:FM – Get Rating) have received an average rating of “Hold” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$40.13.
Several brokerages recently issued reports on FM. Raymond James dropped their price objective on shares of First Quantum Minerals from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research note on Friday. National Bankshares boosted their target price on shares of First Quantum Minerals from C$40.00 to C$48.00 in a report on Friday, April 8th. The Goldman Sachs Group lowered shares of First Quantum Minerals to a “hold” rating and set a C$42.00 target price on the stock. in a report on Wednesday, March 9th. Scotiabank boosted their target price on shares of First Quantum Minerals from C$43.00 to C$50.00 in a report on Wednesday, April 13th. Finally, BMO Capital Markets boosted their target price on shares of First Quantum Minerals from C$39.00 to C$41.00 in a report on Monday, April 18th.
FM stock opened at C$32.48 on Friday. The stock has a market capitalization of C$22.47 billion and a P/E ratio of 16.18. The firm has a 50-day simple moving average of C$38.95 and a 200-day simple moving average of C$33.89. The company has a quick ratio of 1.58, a current ratio of 2.35 and a debt-to-equity ratio of 65.34. First Quantum Minerals has a 52 week low of C$20.67 and a 52 week high of C$45.38.
First Quantum Minerals (TSE:FM – Get Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.65 by C($0.10). The company had revenue of C$2.60 billion for the quarter, compared to the consensus estimate of C$2.54 billion. On average, analysts expect that First Quantum Minerals will post 3.16 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 6th. Shareholders of record on Thursday, April 14th were given a $0.005 dividend. This represents a dividend yield of 0.01%. The ex-dividend date of this dividend was Wednesday, April 13th. First Quantum Minerals’s dividend payout ratio is presently 0.40%.
In other First Quantum Minerals news, Director G. Clive Newall sold 2,551 shares of the stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of C$42.50, for a total value of C$108,417.50. Following the sale, the director now directly owns 2,193,461 shares of the company’s stock, valued at approximately C$93,222,092.50. Also, Director Philip K.R. Pascall sold 81,582 shares of the stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of C$38.64, for a total transaction of C$3,152,328.48. Following the completion of the transaction, the director now directly owns 5,872,725 shares in the company, valued at C$226,922,094. Over the last three months, insiders sold 292,201 shares of company stock worth $11,371,329.
About First Quantum Minerals (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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