First Quantum Minerals (TSE:FM) Price Target Raised to C$19.00

First Quantum Minerals (TSE:FMGet Free Report) had its price target hoisted by research analysts at Scotiabank from C$18.00 to C$19.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 5.38% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on FM. CIBC boosted their price objective on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$17.00 to C$18.00 in a research note on Monday, March 4th. National Bankshares upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. Barclays upped their price target on First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Raymond James upped their price target on First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$17.78.

Check Out Our Latest Stock Analysis on FM

First Quantum Minerals Stock Up 1.9 %

First Quantum Minerals stock traded up C$0.34 during mid-day trading on Thursday, reaching C$18.03. 745,990 shares of the company’s stock were exchanged, compared to its average volume of 3,078,805. The company has a market cap of C$15.03 billion, a P/E ratio of -7.81, a P/E/G ratio of -1.28 and a beta of 1.96. The company has a fifty day moving average of C$16.57 and a 200-day moving average of C$13.90. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05.

First Quantum Minerals (TSE:FMGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The company had revenue of C$1.40 billion for the quarter, compared to analyst estimates of C$1.25 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. Sell-side analysts expect that First Quantum Minerals will post 1.0067358 EPS for the current year.

About First Quantum Minerals

(Get Free Report)

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.

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