Barclays Cuts First Quantum Minerals (TSE:FM) Price Target to C$44.20

First Quantum Minerals (TSE:FM) had its target price reduced by Barclays from C$44.30 to C$44.20 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on FM. Morgan Stanley increased their price objective on shares of First Quantum Minerals from C$30.20 to C$33.50 in a research report on Tuesday, December 16th. Stifel Nicolaus upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and increased their target price for the stock from C$26.00 to C$38.00 in a report on Tuesday, October 21st. Scotiabank lifted their price target on First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday, January 8th. Royal Bank Of Canada boosted their price target on First Quantum Minerals from C$35.00 to C$40.00 in a report on Wednesday, December 10th. Finally, Desjardins increased their price objective on First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$40.28.

First Quantum Minerals Trading Down 7.4%

TSE FM opened at C$37.57 on Monday. First Quantum Minerals has a one year low of C$14.41 and a one year high of C$45.17. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a market cap of C$31.34 billion, a P/E ratio of 626.17, a P/E/G ratio of -1.28 and a beta of 1.35. The stock’s 50-day moving average is C$37.04 and its 200-day moving average is C$30.66.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$1.87 billion during the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. Sell-side analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.