First Quantum Minerals (TSE:FM) PT Raised to C$23.00

First Quantum Minerals (TSE:FMFree Report) had its price objective raised by Jefferies Financial Group from C$19.50 to C$23.00 in a research report report published on Monday, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. TD Securities lifted their target price on First Quantum Minerals from C$17.00 to C$18.00 and gave the company a hold rating in a research note on Thursday, April 25th. Citigroup upgraded First Quantum Minerals from a neutral rating to a buy rating and raised their price target for the stock from C$14.00 to C$26.00 in a research report on Thursday, June 20th. Scotiabank raised their price target on First Quantum Minerals from C$18.00 to C$19.00 and gave the stock a sector perform rating in a research report on Thursday, May 30th. Bank of America raised their price target on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price target on First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a hold rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of C$19.46.

Check Out Our Latest Stock Report on First Quantum Minerals

First Quantum Minerals Trading Up 2.9 %

Shares of FM opened at C$18.31 on Monday. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 52.05. The stock has a 50 day simple moving average of C$17.96 and a 200-day simple moving average of C$15.08. The stock has a market cap of C$15.26 billion, a PE ratio of -7.93, a PEG ratio of -1.28 and a beta of 1.96.

First Quantum Minerals (TSE:FMGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The business 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 net margin of 20.02% and a negative return on equity of 12.97%. On average, sell-side analysts predict that First Quantum Minerals will post 1.0067358 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 49,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total transaction of C$885,022.50. Company insiders own 16.10% of the company’s stock.

First Quantum Minerals Company Profile

(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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