First Quantum Minerals (TSE:FM) PT Raised to C$15.00

First Quantum Minerals (TSE:FM) had its price objective increased by CIBC from C$14.00 to C$15.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a neutral rating in a research report on Wednesday. Barclays boosted their price target on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an equal weight rating in a research report on Tuesday. National Bankshares upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating and boosted their price target for the stock from C$15.00 to C$16.50 in a research report on Friday, March 1st. UBS Group set a C$16.00 price target on shares of First Quantum Minerals and gave the stock a neutral rating in a research report on Tuesday, January 16th. Finally, BMO Capital Markets boosted their price target on shares of First Quantum Minerals from C$7.50 to C$8.50 in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of Hold and a consensus price target of C$16.02.

First Quantum Minerals Price Performance

FM stock opened at C$15.96 on Wednesday. The firm has a market cap of C$13.30 billion, a P/E ratio of -8.53, a P/E/G ratio of -1.28 and a beta of 2.01. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. The company’s 50-day moving average price is C$13.78 and its two-hundred day moving average price is C$15.57. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The business had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. On average, analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal 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.