First Quantum Minerals (TSE:FM) Given New C$42.00 Price Target at TD Securities

First Quantum Minerals (TSE:FM) had its price target upped by stock analysts at TD Securities from C$41.00 to C$42.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 13.30% from the company’s previous close.

FM has been the topic of a number of other reports. National Bank Financial lifted their price target on First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th. Morgan Stanley lifted their target price on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research note on Tuesday, February 3rd. Canadian Imperial Bank of Commerce increased their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. Desjardins boosted their price objective on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Finally, Scotiabank raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$44.00 to C$45.00 in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Moderate Buy” and a consensus target price of C$41.28.

First Quantum Minerals Trading Down 1.4%

Shares of First Quantum Minerals stock traded down C$0.53 during trading on Thursday, reaching C$37.07. The company’s stock had a trading volume of 1,817,541 shares, compared to its average volume of 2,648,474. The company has a market cap of C$30.92 billion, a price-to-earnings ratio of 617.83, a PEG ratio of -1.28 and a beta of 1.35. The firm’s 50-day moving average is C$37.63 and its two-hundred day moving average is C$31.14. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$45.17. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%.The firm had revenue of C$1.95 billion for the quarter. On average, sell-side analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current 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.