First Quantum Minerals (TSE:FM) Price Target Raised to C$17.00 at Eight Capital

First Quantum Minerals (TSE:FM) had its price target hoisted by Eight Capital from C$16.00 to C$17.00 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts also recently issued reports on FM. Canaccord Genuity Group increased their price target on shares of First Quantum Minerals from C$21.00 to C$22.00 in a research note on Wednesday, April 17th. National Bankshares raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and increased their price target for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. Barclays increased 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 note on Tuesday, April 16th. Morgan Stanley increased their price target on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an overweight rating in a research note on Thursday, March 28th. Finally, CIBC increased their price target on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$16.96.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$16.24 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The firm has a 50-day moving average of C$14.19 and a 200-day moving average of C$15.08. The firm has a market cap of C$13.54 billion, a P/E ratio of -8.68, a P/E/G ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year 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) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Sell-side analysts expect that First Quantum Minerals will post 0.7906736 EPS 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.