First Quantum Minerals (TSE:FM) Given a C$14.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals (TSE:FM) in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on FM. Barclays raised First Quantum Minerals from an underperform rating to an equal weight rating and lifted their target price for the company from C$11.00 to C$13.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. lifted their target price on First Quantum Minerals from C$11.00 to C$12.00 and gave the company a neutral rating in a research report on Wednesday, March 6th. Scotiabank cut their price objective on First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating on the stock in a research report on Thursday, February 22nd. Morgan Stanley raised First Quantum Minerals from an equal weight rating to an overweight rating and boosted their price objective for the stock from C$14.20 to C$17.00 in a research report on Friday, March 8th. Finally, Eight Capital cut their price objective on First Quantum Minerals from C$31.00 to C$16.00 and set a neutral rating on the stock in a research report on Monday, December 4th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of Hold and an average target price of C$15.84.

First Quantum Minerals Trading Up 2.3 %

Shares of First Quantum Minerals stock opened at C$14.56 on Tuesday. 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 52 week low of C$9.31 and a 52 week high of C$39.13. The stock has a 50 day moving average price of C$12.93 and a two-hundred day moving average price of C$17.45. The stock has a market capitalization of C$12.14 billion, a PE ratio of -7.74, a price-to-earnings-growth ratio of -1.28 and a beta of 1.97.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The firm 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%. As a group, equities analysts anticipate that First Quantum Minerals will post 0.6901554 earnings per share 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.