First Quantum Minerals (TSE:FM) Price Target Increased to C$18.00 by Analysts at TD Securities

First Quantum Minerals (TSE:FM) had its target price hoisted by analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 11.11% from the company’s current price.

A number of other analysts also recently commented on FM. Canaccord Genuity Group dropped their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating for the company in a report on Thursday. National Bank Financial raised shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research report on Thursday, February 29th. BMO Capital Markets reduced their price target on shares of First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus set a C$14.00 price target on shares of First Quantum Minerals and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$16.96.

First Quantum Minerals Trading Up 1.6 %

FM traded up C$0.26 during trading on Thursday, hitting C$16.20. The company’s stock had a trading volume of 2,237,961 shares, compared to its average volume of 3,019,317. The firm’s 50 day moving average price is C$14.10 and its 200-day moving average price is C$15.08. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The stock has a market cap of C$13.50 billion, a PE ratio of -8.71, a PEG ratio of -1.28 and a beta of 2.01. 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) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. On average, analysts expect that First Quantum Minerals will post 0.7906736 earnings per share for the current year.

First Quantum Minerals Company Profile

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.