First Quantum Minerals (TSE:FM) PT Lowered to C$19.50 at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its price target cut by Jefferies Financial Group from C$20.00 to C$19.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

FM has been the topic of several other research reports. BMO Capital Markets decreased their price target on First Quantum Minerals from C$17.50 to C$17.00 and set an outperform rating on the stock in a research note on Wednesday. Raymond James upped their price target on First Quantum Minerals from C$16.00 to C$19.00 in a research note on Tuesday, April 23rd. Royal Bank of Canada raised First Quantum Minerals from a sector perform rating to an outperform rating and increased their target price for the stock from C$17.00 to C$18.00 in a research note on Monday, March 4th. Scotiabank decreased their target price on First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating on the stock in a research note on Thursday, February 22nd. Finally, Citigroup decreased their target price on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating on the stock in a research note on Wednesday, January 10th. 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, the stock presently has a consensus rating of Hold and a consensus price target of C$16.96.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$18.27 on Wednesday. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13. The business’s fifty day simple moving average is C$14.31 and its 200-day simple moving average is C$14.89. The firm has a market cap of C$15.23 billion, a PE ratio of -9.77, a price-to-earnings-growth 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.

First Quantum Minerals (TSE:FM) last announced its quarterly 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 net margin of 14.78% and a negative return on equity of 10.80%. The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. Equities analysts forecast that First Quantum Minerals will post 0.7906736 earnings per share for the current 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.